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Carney plays down chances of Canada-US trade deals in key sectors

By Thomson Reuters Dec 18, 2025 | 10:39 AM

OTTAWA, Dec 18 (Reuters) – Canadian Prime Minister Mark Carney on Thursday ‍said a planned trade deal with the United States on key sectors was unlikely, saying the issue ‌would be covered ‌in a planned review of the United States-Canada-Mexico trade pact next year.

The two sides had ​been close to a deal to address ‍U.S. tariffs ​on steel, aluminum ​and autos but President Donald ‍Trump froze the talks in October over an anti-tariff advertisement issued by Ontario’s provincial government.

“My ‍judgment is that that is now going to roll into ‍the ‍broader USMCA negotiation. ​So we’re less likely, ​we’re ⁠unlikely, given the ‌time horizons coming together, to have a sectoral agreement,” Carney told reporters.

(Reporting by David Ljunggren; Editing by Chizu ⁠Nomiyama )