Prime Minister Mark Carney's government is under pressure to show progress in talks with the Trump administration.
Source: Financial Post
Mexico has already begun bilateral negotiations with the US on renewal of the US-Mexico-Canada Agreement (USMCA).
Source: Financial Post
LeBlanc warned that trade talks could still take a negative turn and 'turbulence' is to be expected.
Source: Financial Post
The USMCA pact continues if not renewed by July 1, but would enter a process that may lead to years of negotiation and possible expiry in 2036.
Source: Financial Post
US President Donald Trump reprised his description of Canada as a '51st state' and highlighted a story about Canada's economy dipping into recession.
Source: Financial Post
The Canadian government has shared information to address US concerns and is committed to fighting forced labor.
Source: Financial Post
Canada made arguments against US tariffs on autos, steel, aluminum, and softwood lumber.
Source: Financial Post
Carney stated that US-Mexico negotiations started first due to more technical trade issues with Mexico (60) compared to Canada (30).
Source: Financial Post
The White House is pushing for new auto production rules requiring at least 50% US components for North American vehicles, a threshold Canadian-built cars already meet on average.
Source: Financial Post
The USMCA includes provisions requiring 75% North American value for tariff-free vehicles, but Trump previously imposed duties on cars from Mexico and Canada despite this.
Source: Financial Post
LeBlanc released a letter praising the six-year-old trade agreement and seeking renewal for another 16 years.
Source: Financial Post
The USTR stated that failure to prevent forced labor imports is 'unreasonable and burdens or restricts U.S. commerce'.
Source: BNN Bloomberg
Just two weeks prior, the EU approved a tariff deal with the US to cap tariffs on most EU exports at 15%.
Source: BNN Bloomberg
Trump recently visited China, discussing market access and Chinese investment, and agreeing to set up separate boards of trade and investment.
Source: BNN Bloomberg
Chinese Foreign Ministry spokesperson Mao Ning denied the forced labor allegation, stating 'There is no such thing as forced labour in China, and we oppose using it as an excuse to engage in political manipulation'.
Source: BNN Bloomberg
Public hearings on the proposed duties are due to begin on July 7.
Source: BNN Bloomberg
The investigation found that 60 countries failed to enforce a prohibition on goods produced with forced labor.
Source: BNN Bloomberg
The UN's International Labour Organization estimates 27.6 million people were engaged in forced labor as of 2021.
Source: BNN Bloomberg
Rice from Myanmar, tobacco from Malawi, beef from Brazil, and cotton/polysilicon from China are mentioned as products prone to forced labor.
Source: BNN Bloomberg
The U.S. has long said imports with material from China’s Xinjiang region are at risk of using forced labor; Beijing denies this.
Source: BNN Bloomberg
The Trump administration plans to appeal a federal judge’s order making all companies that paid duties on earlier tariffs eligible for refunds.
Source: BNN Bloomberg
The administration separately proposed 25% tariffs on imports from Brazil, citing 'unreasonable' trade practices, lax anti-corruption enforcement, and unfair tariffs.
Source: BNN Bloomberg
Certain textiles, tomatoes, bananas, coffee, and some metals would be exempt or subject to lower tariffs.
Source: BNN Bloomberg