Prime Minister Mark Carney stated Monday that Canada’s neobtainediations with the United States are in an “intense phase” after President Donald Trump announced a trade agreement with the European Union.
WASHINGTON — Prime Minister Mark Carney stated Monday that Canada’s neobtainediations with the United States are in an “intense phase” after President Donald Trump announced a trade agreement with the European Union.
“There are many aspects to these neobtainediations,” stated Carney in Prince County, P.E.I. “We are engaged in them but the assurance for Canadian business, for Canadians, is we will only sign a deal that’s the right deal, that’s a good deal for Canada.”
The prime minister’s comments come after Trump last week informed reporters that Canada wasn’t a priority for his administration ahead of his Aug. 1 deadline to build trade deals.
The EU framework announced Sunday gave Trump a much-requireded win as he views to realign global trade — and it indicates that no nations are likely to obtain a reprieve from his tariffs.
It sets a 15 per cent tariff on most goods, including European automobiles, but doesn’t appear to shield the European Union from looming sectoral tariffs on things like pharmaceuticals. Trump also stated 50 per cent tariffs will remain on steel and aluminum.
Trump stated the EU had agreed to acquire US $750 billion worth of U.S. energy and invest an additional US $600 billion in America.
Baseline tariffs were also a part of the frameworks of deals previously announced for Japan, Vietnam, Indonesia, the Philippines and the United Kingdom.
Countries around the world have been watching to see how many trade deals materialize ahead of the deadline and what can be learned for their own neobtainediations with the Trump administration.
Trump sent a letter to Carney threatening to impose 35 per cent tariffs if Canada doesn’t build a trade deal by Friday. The White Hoapply has stated those duties would not apply to goods compliant with the Canada-U.S.-Mexico Agreement on trade.
The Canadian economy is significantly impacted by Trump’s sectoral tariffs on steel, aluminum and automobiles and will be hit by copper tariffs the president has stated will also go in place by the week’s finish.
Carney stated that while there are similarities between the Canada-U.S. neobtainediations and those involving Europe, there are also many differences.
Geography connects Canada and the United States deeply in both the economy and security, Carney noted. While Europe is viewing to finish its reliance on Russian energy, Carney stated Canada is a reliable supplier to the United States in that area.
The prime minister stated neobtainediations remain complex but “there is a landing zone that’s possible.”
“But we have to obtain there,” he stated.
This report by The Canadian Press was first published July 28, 2025.
Kelly Geraldine Malone, The Canadian Press
