EconomyLens.com
No Result
View All Result
Thursday, August 20, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

US, Canada ‘very close’ to trade deal, Ottawa says, as details emerge

Natalie Fisher by Natalie Fisher
August 20, 2026
in Economy
Reading Time: 7 mins read
A A
0
19
SHARES
235
VIEWS
Share on FacebookShare on Twitter

Dominic LeBlanc, Canada's minister in charge of US-Canada trade, arrives to meet with US Trade Representative Jamieson Greer in Washington, DC, on August 20, 2026. ©AFP

Washington (United States) (AFP) – The United States and Canada are “very close” to a final trade deal, the top Canadian negotiator said Thursday after talks with President Donald Trump’s team. Canada’s Dominic LeBlanc met for three hours in Washington with US Trade Representative Jamieson Greer, as both countries push to finalize an agreement to avert new tariffs threatened by Trump.

Related

US, Canada resume talks to finalize trade deal as details emerge

US pushes allies, China to back Trump’s economic war on Iran

As Europe’s rivers recede, shippers scramble to limit damage

Evergrande’s Xu Jiayin: from real-estate tycoon to life in prison

China jails founder, fines disgraced property giant Evergrande

“We’re very close. We continue to make progress, and we’re going to stay here and do the work that’s necessary until we get to that point,” LeBlanc told reporters after leaving Greer’s office. On Wednesday, both sides said they had moved close to a final agreement, a deal that could ease tensions following months of acrimony triggered by Trump’s punishing levies.

A new round of 50-percent US tariffs was set to take effect on Canadian imports on Wednesday, but Trump said the day before that he was delaying enactment for 72 hours as a deal looked imminent. Details of the prospective agreement remain unclear, but Prime Minister Mark Carney on Wednesday updated the leaders of Canada’s provinces and territories on the negotiations.

Carney made specific requests that the United States wanted implemented by Canada’s provinces, Nova Scotia Premier Tim Houston told reporters afterward. Those include restocking US wine and liquor, which several provinces removed in retaliation for Trump’s tariffs on Canadian autos, steel, aluminum, and lumber.

“The prime minister has asked us, as premiers, as provinces, to return the US alcohol to the shelves,” Houston said. “It’s been an irritant…that has kind of really bothered the United States,” he added.

– ‘Emotionally draining’ –

The leader of the Atlantic coast province noted that even if US alcohol returned to Canadian stores, there is no guarantee people will buy it, citing deep-seated frustration over Trump’s treatment of Canada, including his annexation threats. Beyond the provisions in any trade deal, there’s “the emotional impact of what Canadians have experienced,” Houston said. “It has been emotionally draining.”

Quebec’s Premier Christine Frechette said her province had been hammered by Trump’s tariffs and she would decide on restocking US alcohol after studying the deal. Wab Kinew, the left-wing premier of central Canada’s Manitoba province, said he was prepared to put alcohol back on the shelves, even if he thinks Canada “should fight.”

“I think America is weaker around the world today than it was a year ago,” Kinew said. “Trump’s about to get slaughtered in the midterms,” he added. “I think we’ve got the upper hand.”

Carney also asked provinces to ensure they remove any language in procurement policies that “specifically excludes the United States,” Houston said. Provinces could still favor Canadian suppliers, but cannot have direct language that precludes a US supplier from a project. The US also likely has a range of demands of Canada’s federal government, with Canadian media reports pointing to commitments on defense procurement and critical mineral supplies.

The premiers declined to discuss what US tariff reductions are being discussed, but certain Canadian goods will still face duties when entering the United States, premiers said. “The status quo we had two years ago was not possible,” said Saskatchewan’s conservative Premier Scott Moe, who was among those briefed by Carney on Wednesday. He called the proposed deal “best-in-class,” with similar praise offered by Nova Scotia’s Houston, who told reporters it was “the best possible outcome we can hope for in dealing with this administration.”

© 2024 AFP

Tags: CanadaDonald Trumptrade
Share8Tweet5Share1Pin2Send
Previous Post

US bond selloff resumes despite Treasury intervention

Natalie Fisher

Natalie Fisher

Related Posts

Economy

What property giant Evergrande’s sentence means for China’s economy

August 20, 2026
Economy

US national debt exceeds $40 trillion for first time

August 20, 2026
Economy

Trump vows ‘tremendous’ economic costs on Iran partners

August 20, 2026
Economy

Many US Fed policymakers back interest rate hikes if inflation stays high

August 19, 2026
Economy

Europe can’t afford to miss AI revolution: ECB chief

August 19, 2026
Economy

UK PM launches bid to get rough sleepers off streets by Christmas

August 19, 2026
0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

103

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US, Canada ‘very close’ to trade deal, Ottawa says, as details emerge

August 20, 2026

US bond selloff resumes despite Treasury intervention

August 20, 2026

US stocks fall as bond yields rebound despite Treasury moves, oil rises

August 20, 2026

US, Canada resume talks to finalize trade deal as details emerge

August 20, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.