Canada Adopts 'Note of Realism' in US Trade Talks, Setting Stage for Possible Tariff Deal -- Market Talk

Dow Jones
2025/07/16

1413 ET - Canadian PM Mark Carney's remarks regarding the likelihood of US tariffs remaining in place regardless of a deal with President Trump indicate that the country's negotiators have embraced a "note of realism" in talks with Washington, says Mark Warner, a trade and investment lawyer with practices in Toronto and the U.S. He tells WSJ that this represents "a good sign that a deal [with Trump] is possible and maybe even probable." Carney's goal in talks on a new economic-and-security deal with Washington was to have all US tariffs lifted. Carney now says there's little evidence that countries are succeeding in securing tariff-free trade with the US, which signals he may not succeed in avoid US levies. (Paul.Vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

July 15, 2025 14:13 ET (18:13 GMT)

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