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Carney plays down chances of Canada-US trade deals in key sectors

ReutersDec 18, 2025 4:31 PM

- Canadian Prime Minister Mark Carney on Thursday said a planned trade deal with the United States on key sectors was unlikely, saying the issue would be covered in a planned review of the United States-Canada-Mexico trade pact next year.

The two sides had been close to a deal to address U.S. tariffs on steel, aluminum and autos but President Donald Trump froze the talks in October over an anti-tariff advertisement issued by Ontario's provincial government.

"My judgment is that that is now going to roll into the broader USMCA negotiation. So we're less likely, we're unlikely, given the time horizons coming together, to have a sectoral agreement," Carney told reporters.

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