Canada’s Trade Minister Dominic LeBlanc expressed optimism on Thursday regarding the possibility of reaching an agreement with the United States on tariffs before the review of the Canada-U.S.-Mexico Agreement (CUSMA) next year. LeBlanc informed the Senate committee that ongoing discussions with American counterparts show potential for a resolution to the trade dispute.
While domestic consultations are underway for renewing CUSMA, LeBlanc emphasized the importance of addressing the tariffs independently from the renegotiation process. He highlighted the impact of tariffs on American businesses, especially in the manufacturing sector, which rely on Canadian products like aluminum.
Despite missed deadlines in the past, LeBlanc remains hopeful for a favorable outcome, acknowledging the challenges but underscoring the resolve to find a mutually beneficial agreement. The trade minister emphasized the significance of maintaining a tariff-free trade advantage under CUSMA while striving for a full restoration of free trade with the U.S.
LeBlanc’s positive outlook on ongoing talks was tempered by the acknowledgment that a return to previous trade relations with the U.S. might not be immediate but remains a future goal. While facing criticisms from some quarters, LeBlanc reiterated Canada’s commitment to its supply management system, particularly in the dairy industry, in the face of external pressures.
