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Canada ready for US trade deal that benefits both countries, Carney says

Created at 3 Sep · 4:23 PM1 source↑ Market-relevant
IN SHORT

Canadian Prime Minister Mark Carney stated his government is prepared to sign a trade deal with the U.S. that benefits both nations, emphasizing the need for stability and credibility. He dismissed U.S. officials' claims that Canada walked away from a deal due to domestic politics.

Who's Involved

Mark Carney
Canadian Prime Minister ready to sign a trade deal with the U.S.
Howard Lutnick
U.S. Commerce Secretary whose comments were dismissed by Carney
Scott Bessent
U.S. Treasury Secretary whose comments were dismissed by Carney
Donald Trump
U.S. President who posted on Truth Social about Carney
Canada ready for US trade deal that benefits both countries, Carney says

↳ Why This Matters

The statements signal ongoing complexities and potential friction in U.S.-Canada trade relations, with implications for bilateral economic ties and political rhetoric ahead of potential negotiations.

Key facts

  • Canadian Prime Minister Mark Carney said Canada is ready to sign a trade deal with the U.S. that benefits both countries.
  • Carney stated any agreement would require stability and credibility.
  • He dismissed comments from U.S. Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent regarding Canada's withdrawal from trade talks.
  • Carney indicated a recent softening in the U.S. approach to trade negotiations.
  • President Donald Trump posted on Truth Social that Carney making him 'the enemy' would lead to economic collapse in Canada.

Canadian Prime Minister Mark Carney announced on Thursday that his government is prepared to finalize a trade agreement with the United States that would be mutually beneficial, emphasizing the necessity of stability and credibility in any such deal.

Carney told reporters that a deal in the interest of Canadian workers, families, and businesses is also in the interest of American families, businesses, and consumers. He expressed readiness to negotiate such an agreement when the U.S. is prepared.

He refuted recent statements by U.S. Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, who suggested Canada had abandoned a trade deal due to internal political considerations. Carney stated, "I don't think, with all respect, appointed, unelected cabinet members in the United States are experts on Canadian politics."

Carney observed a recent shift in the U.S. stance on trade deals, which he believes could encourage further discussions. He described the U.S. approach prior to the breakdown of talks last month as "our way or the highway," but noted this has since changed. He welcomed the U.S. apparent disinterest in Canadian language and culture issues, questioning why they were included in the deal if they were not important.

Shortly after Carney's remarks, U.S. President Donald Trump posted on Truth Social, suggesting that Canadian politicians like Prime Minister Mark Carney making him "the enemy" would result in Canada's economy collapsing, describing it as a scenario worse than anything previously experienced by a Canadian politician.

Frequently asked questions

Canadian Prime Minister Mark Carney indicated readiness to sign a deal, suggesting a softening in the U.S. approach, but talks previously broke down.

U.S. Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent suggested Canada walked away from a trade deal due to domestic politics.

President Trump posted on Truth Social that Carney making him 'the enemy' would cause Canada's economy to collapse.

What Happens Next

01Further discussions between U.S. and Canadian officials on a potential trade deal.

How It Developed

Canadian Prime Minister Mark Carney stated readiness to sign a trade deal with the U.S.
Carney dismissed U.S. officials' claims about Canada walking away from a trade deal.
Carney noted a softening in the U.S. approach to trade deal negotiations.
President Donald Trump posted on Truth Social that Carney making him 'the enemy' would cause Canada's economy to collapse.

Sources

T1
Canada ready for US trade deal that benefits both countries, Carney saysReuters

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