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Canada and U.S. have spoken ‘within the past few days’ about potential deal: Trade Rep. Greer

Summary

  • U.S. Trade Representative Jamieson Greer confirmed recent communications between Canada & the U.S. regarding a mutually beneficial trade deal.
  • President Donald Trump & Prime Minister Mark Carney maintain regular contact, though Greer declined to provide a specific timeline for the agreement.
  • Ambassador Pete Hoekstra previously suggested a potential trade deal could be finalized before the end of 2026.
  • The U.S. is prioritizing supply chain protection over the return to unfettered free trade with Canada.
  • Republican losses in the recent U.S. midterm elections included the House & Senate, with voters citing import taxes & inflation as key factors.
  • Greer defended the tariff strategy by stating that gas, oil, & food remain exempt from tariffs.
  • The administration plans to continue trade actions as necessary while seeking tariff stability, which Greer attributes to being hindered by lawsuits from Democrat attorney generals.
  • Michigan Sen.-elect Abdul El-Sayed characterized the tariff war with Canada as "insane" & expressed willingness to help end it.
  • The incoming Democratic-controlled Congress may introduce legislation to alter Trump's tariff policies starting in January.
  • Greer expressed openness to collaborating with Democrats on tariffs, citing nuanced language from some members of Congress that could be helpful.

Canada and the U.S. have spoken “within the past few days,” in an effort to work towards a mutually beneficial trade deal, U.S. Trade Representative Jamieson Greer told CNBC on Thursday.