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Canada ready for US trade deal that benefits both countries, Carney says

Carney said any agreement must deliver stability and credibility as Canada faces 50% U.S. tariffs on $20 billion in goods, officials said.

  • On Thursday, Canadian Prime Minister Mark Carney announced in Thunder Bay that Ottawa is ready to sign a trade agreement with the United States, provided any deal offers stability and credibility.
  • Negotiations collapsed last month after the United States adopted an 'our way or the highway' stance on disputes including Canada's dairy supply management, alcohol sales, and vehicle content measurement.
  • Carney rejected claims by Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent that Canada abandoned talks, saying "I don't think, with all respect, appointed, unelected cabinet members in the United States are experts on Canadian politics."
  • President Donald Trump responded on Truth Social, calling it "very good for Canadian Politicians like Prime Minister Mark Carney to make President Donald J. Trump 'the enemy,'" while warning Canada's economy would collapse.
  • Carney also announced a $3.4bn investment to build more than 300 Via Rail passenger cars in Quebec and Thunder Bay, signaling a strategic shift away from importing rail equipment from the United States.
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Canada is ready to return to trade talks with the United States — Carney called the main condition <p>Canada is ready to resume trade talks with the United States provided a stable and reliable agreement is made. Trump threatened Ottawa with economic </p>consequences.

·Kyiv, Ukraine
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Reuters broke the news in London, United Kingdom on Thursday, September 3, 2026.
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