Prime Minister Mark Carney will hold a news conference today following the breakdown of trade negotiations with the United States. The talks, which took place over the past two days in Washington, failed to produce an agreement on key issues including tariffs and market access.
According to official statements, the discussions were constructive but significant differences remain. The U.S. side insisted on maintaining certain tariffs on Canadian goods, while Canada pushed for their removal and a more predictable trading environment.
Carney is expected to outline next steps, which may include pursuing dispute resolution mechanisms under the USMCA and exploring new trade partnerships. The announcement comes amid growing concerns from Canadian businesses and farmers about the economic impact of prolonged uncertainty.
No new talks have been scheduled, but both sides have indicated a willingness to continue dialogue. The news conference is set for 3:00 PM ET in Ottawa.
