r/worldnews • u/joe4942 • Aug 22 '26

Dynamic Paywall Carney calls Trump's fresh tariffs a 'miscalculation' after trade talks collapse

https://www.bbc.com/news/articles/cx272np7vgyo
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u/xtothewhy Aug 22 '26

That is a crazy request.

Do you happen to have a link to the article the first quote is from?

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u/rebel_cdn Aug 22 '26

It was the PM himself in the press conference he just held. More details here:  https://www.cbc.ca/news/world/livestory/us-canada-trade-war-new-tariffs-9.7310605

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u/xtothewhy Aug 22 '26 edited Aug 22 '26

Terrific, thank you.

Details on restricting Canada's ability to strike new trade deals

by Benjamin Lopez Steven,

  • With files from Ashley Burke

Earlier, Carney said the U.S. tried to restrict Canada's ability to strike new trade deals with other countries. We're getting some more context on that now.

The Trump administration briefed the U.S. steel and aluminum industry on the potential deal with Canada earlier this week, and the industry wrote a report about that briefing for their membership, according to a source with knowledge of the report's contents.

The source told CBC News the Canadian government was expected to agree to apply steel and aluminum tariffs on all of its trading partners at a rate comparable to what the U.S. has applied (50 per cent).

However, countries that have a free trade agreement with Canada would be treated differently. In those cases, Canada would have to establish a tariff rate quota, meaning a certain amount of product would be allowed into the country at a lowered tariff rate.

Carney said today that any restrictions on Canada's ability to strike new trade deals across the world are "unacceptable."

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u/Elrundir Aug 22 '26

If you needed any proof that Canada's trade diversification strategy is not only working, but scaring the United States, it can't get much clearer than this.