US-Canada trade deal may be ready for approval at APEC summit, Globe and Mail reports
A US-Canada trade deal on steel, aluminium and energy could be ready for Prime Minister Mark Carney and US President Donald Trump to sign at the Asia-Pacific Economic Cooperation summit later this month in South Korea, the Globe and Mail newspaper reported on Tuesday, citing sources familiar with the matter.
Reuters could not immediately verify the report by the Toronto-based daily.
The White House, S. Commerce Department and Carney's office did not respond to requests for comment outside regular business hours.
The US., however, is not ready to make any deal on Canadian automobiles or softwood lumber, the report added.
Trump imposed tariffs on Canadian steel, aluminium and autos earlier this year, prompting Canada to respond in kind. Negotiations ensued on lifting the measures against steel and aluminium.
Canada will probably have to accept quotas on steel in exchange for a lower US tariff, with critical minerals off the table in these talks, sources told the Globe and Mail.
Reuters reported earlier this week that Canada offered tariff relief on some steel and aluminium products imported from the US and China, in efforts to help domestic businesses battered by a trade war on two fronts.
Carney visited Washington earlier this month and said he had "a meeting of minds" with Trump on the future of the steel and aluminium sectors.
Article Enquiry
Email Article
Save Article
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Advancing leadership in technology, innovation, and project management excellence
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
