Cautious Negotiations: Canada-U.S. Steel and Aluminum Trade Talks

Canadian Prime Minister Mark Carney expressed caution about a potential steel and aluminum trade deal with the U.S., amidst ongoing negotiations and trade tensions. Possible agreements could be signed at an Asia-Pacific summit in South Korea, although both sides still have unresolved issues to navigate.

Canadian Prime Minister Mark Carney exercised caution following reports of a pending trade agreement on steel and aluminum with the United States. A Canadian newspaper suggested the deal might be signed with U.S. President Donald Trump at an upcoming summit.

The trade relationship between the two nations has been strained since the imposition of tariffs earlier this year, with Canada retaliating similarly. Talks have been ongoing, but commitment from both sides remains tentative.

Sources indicate Canada may have to agree to steel quotas for tariff relief, while ongoing tensions over automobiles and softwood lumber have yet to be resolved. Crucial agreements may be on the horizon, but challenges remain.

(With inputs from agencies.)