Canadian Dollar is apparently lifted after Trump said the trade talks continue “in good faith”. And, Trump is open to include Canada in the US-Mexican agreement but noted that “they want to make a deal very much”, but if we don’t make it, that’s okay too”.
Foreign Minister Chrystia Freeland returned to the US and met USTR Robert Lighthizer yesterday, to resume the trade talks. Afterwards, she said the was a positive atmosphere during the meeting. And, “both sides did a lot of thinking over the weekend, so this was a very productive meeting.” But she also emphasized that “nothing is done until everything is done.”
Meanwhile Reuters reported quoting unnamed source that Canada is ready to have concessions on dairy. But in return, it would request US concession on Chapter 19 dispute resolution mechanism.
Canada collected nearly CAD 300m in tariffs after starting retaliation on US steel and aluminum tariffs. Finance Ministry spokesman pledged that the money will be funneled back to the industries hurt by Trump’s tariffs. He said “we are committed to making sure that every dollar raised in reciprocal tariffs is given back in the form of support for affected sectors.”
