U.S. Ambassador to Canada Pete Hoekstra said Washington wants to renew the Canada-U.S.-Mexico trade pact but faces resistance from Canada, underscoring uncertainty as a mandatory July 1 review approaches.
Canada’s trade deficit in January surprisingly widened as exports fell more than imports, led by a meaningful drop in shipments of motor vehicles and parts, data showed on Thursday.
U.S. and Canadian trade officials spoke on Wednesday and plan to meet in coming weeks, U.S. Trade Representative Jamieson Greer said, adding that the Trump administration was open to their ideas on how to reach an agreement.
India hopes to start talks on a free trade agreement with Canada during Prime Minister Mark Carney’s visit to India later this week, the South Asian nation’s trade minister said on Tuesday.
Beijing is exploiting Trump-era uncertainty to stitch its manufacturing base into the world’s biggest economic blocs, aiming to end decades of U.S. trade leverage.
Canada’s trade deficit narrowed in December even as its share of exports to the United States dropped to the lowest level on record, barring two months during the peak of the COVID-19 pandemic, data showed on Thursday.
Canadian Prime Minister Mark Carney announced on Monday the appointment of public servant Janice Charette as the next chief trade negotiator to the United States for the review of the CUSMA trade agreement.
Agriculture must be pushed as a sector of expansion and investment opportunity in Canada said Kody Blois ahead of the Future of Food conference in Ottawa on Feb. 9.