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Category: Trade (Page 18 of 19)

That U.S. wants to control who can access Canadian retailers

August 21, 2026 /

“It’s not in the Canadian interest,” explains Al Mussell, a prominent Canadian agricultural economist and policy analyst.

Mussell explains that the U.S. wants more control over who can access Canadian retailers directly, so they can export some of their premium products to Canada, writes Anam Khan at CTV News.

“Of course, that’s not how our system works,” he says, adding that allowing it would threaten Canadian processors and complicate the domestic raw milk allocation system.

Canada currently gives dairy import quota access mainly to processors, while retailers are excluded under CUSMA. The U.S. argues that this restriction creates an unfair playing field because retailers are granted access under Canada’s trade agreement with the European Union.

Vance mocks PM Carney, says he tried to ‘out-tough’ Trump

August 21, 2026 /

In audio from the fundraiser in Southampton, N.Y., which was provided to The Canadian Press by a source who attended the private function, Vance said Carney is a “very sweet guy” and he gets along with him quite well.

But, Vance said, Carney “comes in and puffs his chest out and says, ‘I’m going to, like, out-tough Donald Trump.’”

“It’s hilarious because Carney presents this as some victory for Canada when fundamentally, like, they climb down on a lot of issues,” Vance told the room.

The Guardian: JD Vance reportedly mocks Carney for trying to ‘out-tough’ Trump on trade

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Manitoba Premier Wab Kinew says, “I think we should fight” as negotiators work to finalize a trade deal [updated]

August 20, 2026 /

Manitoba Premier Wab Kinew says, “I think America is weaker around the world today than it was a year ago. He’s about to get slaughtered in the midterms, and the cost of living is the No. 1 issue, and he is completely out of touch with the cost of living of Americans.”

“I think we’ve got the upper hand. They’re back on their heels right now. They’re coming to us right now, and so I think we should fight.”

“But it’s not about me, it’s about Team Canada — what we’ve been saying for the past year, year and a half, since all this tariff nonsense started.”

BBC: Canada ‘should fight’ as US trade deadline looms, Manitoba premier says

AP acts surprised – “The premier of a Canadian province launched a blistering attack on U.S. President Donald Trump on Thursday, calling him a “bad person” and “not to be trusted”

There’s ‘plenty of good alcohol here in Canada’

August 20, 2026 /

Quebec Premier Christine Fréchette says lifting the ban is “possible” in her province, pending analysis of how new Canada-U.S. trade terms will impact Quebec’s economy, reports Jeff Lagerquist at CBC News.

“We need to have a global view. The complete view of the impact on Quebec’s economy,” she told CBC News on Thursday. “If it is globally positive, it is possible that we put back the alcohol on the shelves of the SAQ.”

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PM Mark Carney speaks with President of Mexico Claudia Sheinbaum

August 20, 2026 /

PMO: The Prime Minister and the President discussed ongoing developments affecting North American trade. They underscored the importance of renewing the Canada-United States-Mexico Agreement (CUSMA) as soon as possible to provide greater certainty for North American businesses and workers.

The leaders discussed the progress between Canada and Mexico on cross-border trade. They emphasized that strong bilateral cooperation is essential to shared continental security and prosperity.

 

80% of Canadians support U.S. alcohol ban

August 20, 2026 /

… but majority willing to lift it in exchange for tariff relief

Released on August 19, 2026 — Pollara’s Trump Tracker shows 9% of Canadians feel positively and 80% feel negatively about President Trump, a record high in negativity since the Trump Tracker launched in January 2024.

As trade talks intensify, Canadians are feeling very positive about Prime Minister Carney, with 59% approving and 32% disapproving of how he’s handling Canada-US relations. This represents a 16-point increase in approval of Carney on this file over the past year.

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Mexico is watching Canada-U.S. trade talks closely in order to ‘live to negotiate another day’

August 20, 2026 /

Sources told The Globe and Mail the U.S. wanted to strike a deal with Canada on autos similar to the agreement it is negotiating with Mexico. Mexican Economy Secretary Marcelo Ebrard, the country’s point person on international trade, confirmed shortly after midnight Wednesday that he had met with U.S. Trade Representative Jamieson Greer to discuss tariffs.

Analysts say Mexico watched the Canada-U.S. negotiations with an eye on rules of origin in the automotive sector, which has mushroomed in Mexico over the past 30 years of continental free trade. “Whatever Canada agrees with the U.S. will become the departing point” for Mexico-U.S. talks, said Juan Carlos Baker Pineda, a former Mexican vice-minister of foreign trade and researcher at the Universidad Panamericana in Mexico City.

“We probably have to agree to what we can in order to lower the burden of those tariffs and then live to negotiate another day,” he said of the Mexican negotiating position.

Dominic LeBlanc and Janice Charette return to Washington to finalize Canada-U.S. trade deal

August 20, 2026 /

Canada-U.S. Trade Minister Dominic LeBlanc is heading back to Washington to meet again with U.S. Trade Representative Jamieson Greer, alongside Canada’s chief negotiator Janice Charette, at 12:15 p.m. ET as work continues to finalize a deal to avert a new round of U.S. tariffs, reports The Canadian Press.

LeBlanc was in Ottawa on Wednesday to brief Prime Minister Mark Carney on the status of talks and take part in a virtual cabinet meeting that was followed by one with the premiers.

Reuters: Top Canada, US trade negotiators to meet again as deal deadline nears

U.S. national debt has topped US$40 trillion for the first time [updated]

August 20, 2026 /

The Independent: US national debt more than doubling in only a decade.

The United States has never owed so much money.

On Tuesday, the debt surpassed the US$40 trillion (CA$55 trillion) mark, according to the Treasury Department, reports Jesús Sérvulo González of EL PAÍS.

The figure comes amid growing concerns about rising financing costs for the economy, with 30-year bond yields hitting highs not seen in nearly two decades. The yield on those long-term securities has climbed to 5.3%, the highest level since 2007, driven by doubts that the Trump administration can rein in inflation and curb the public deficit, as well as the frenzy around artificial intelligence (AI), which is prompting big tech companies to take on more debt.

The budget deficit has worsened since Trump returned to the Oval Office.

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Switzerland seeks additional CA$1.6 billion for air defence

August 20, 2026 /

The Swiss government is seeking parliamentary approval to allocate an additional 970 million Swiss francs (CA$1.6 billion) for air defence under the 2026 budget, citing a heightened threat situation and long delivery times for defence equipment, reports Defensenews.com.

The tight international arms markets with “sharply” higher demand means production capacities are fully booked for years to come, with delivery times lengthening, according to the government. Arms makers also increasingly demand “substantial” down payments, and failure to meet those demands could delay urgent procurements by several years, the government said.

*1.00 CHF = 1.726 CAD

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