It’s a pretty bold statement when Mark Carney, former Governor of the Bank of Canada and the Bank of England, declares that some of the tariff-relief deals hammered out with the United States are essentially worthless. He’s basically signaling to the world, and particularly to Ottawa, that Canada has seen through the game. The asymmetry of these deals is now starkly apparent, and Canada isn’t interested in trading symbolic victories that vanish with the next news cycle. He candidly mentioned that many countries rushed into agreements with the U.S., only to find them not worth the paper they were written on, a sentiment that echoes a growing frustration among global partners.… Continue reading
Prime Minister Mark Carney believes a resolution to the ongoing tariff dispute with the U.S. could be reached swiftly, stating that Canada is prepared to negotiate a comprehensive agreement rather than a limited one. He indicated that the U.S. has the capacity to resolve the issue within days if there is a genuine inclination to do so. However, Carney cautioned against pursuing deals that could disadvantage Canada, citing other nations’ rushed agreements with the U.S. as potentially less beneficial. The prime minister also discussed his direct approach to negotiations with President Trump, emphasizing clarity and strength.
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Canadian Prime Minister Mark Carney stated that while Canada’s close economic ties with the United States were once a strength, they have now become a vulnerability that requires correction. Citing increased U.S. tariffs and a general climate of trade uncertainty, Carney emphasized the need for Canada to diversify its economy and reduce its reliance on a single foreign partner. The Prime Minister outlined his government’s plans to attract new investments, expand clean energy capacity, and reduce internal trade barriers to build a more resilient nation capable of withstanding global disruptions.
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As trade talks between the US and Canada remain stalled, the US has clearly articulated its demands for the continuation of free trade under the USMCA. The US is seeking greater access for its dairy farmers in the Canadian market, alleging that the current supply-management system unfairly restricts their products. Additionally, the US wants Canada to revise its Online Streaming Act, which it believes discriminates against American tech and media firms. Lastly, the US is requesting that Canadian provinces reinstate the sale of American liquor, which was pulled in response to tariffs imposed by the US.
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Trump quietly holds off on Canada tariff increase, and it’s interesting to unpack what seems to be going on here. It appears that the Canadian government has, in a way, adopted a “do nothing and win” strategy, reminiscent of a tactic we’ve seen employed by the Chinese government. The U.S., meanwhile, seems to be grappling with its own internal issues.
The narrative suggests that the United States will circle back to Canada when it’s ready to engage in meaningful dialogue. The entire situation brings to mind the old saying, “keep your friends close, and your enemies closer.” The focus is on the long game.… Continue reading
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At the Midwestern Legislative Conference in Saskatchewan, former Prime Minister Stephen Harper advised the current government to diversify Canada’s trade partners, due to an over-reliance on the U.S. Harper called the trade war a wake-up call, suggesting Canada’s economic dependence on a single market is unwarranted. U.S. Ambassador Pete Hoekstra emphasized the need for a strong manufacturing sector, while Saskatchewan Premier Scott Moe discussed the potential use of provincial resources as leverage in trade negotiations. The conference, attended by leaders from four Canadian provinces and eleven U.S. states, focuses on finding common ground and sharing regional success stories, such as carbon capture technology.
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Canadian Prime Minister Mark Carney has stated that Canada will not accept a “bad deal” in its trade negotiations with the United States, amidst escalating tariffs imposed by the Trump administration. The US has already implemented tariffs on Canadian goods, including steel and aluminum, prompting Canada to consider counter-measures to protect its key industries and overall economy. The deadline of August 1st looms as President Trump threatens new tariffs, further straining the relationship between the two major trading partners. The Canadian government is focused on securing a trade agreement that benefits Canadians, not simply reaching a deal regardless of the terms.
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In an effort to secure a comprehensive trade agreement with the United States, the Canadian government is taking action. Minister of Finance and National Revenue, François-Philippe Champagne, announced the rescinding of the Digital Services Tax (DST) in anticipation of a mutually beneficial partnership. Prime Minister Carney and President Trump have set a target of July 21, 2025, to finalize the deal. The DST, initially implemented in 2020 to address taxation gaps from large tech companies, will be halted, and legislation to repeal the Digital Services Tax Act will be introduced.
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Matt Underwood 
John Q. Hosedrinker