Canadian PM denies allegations, says ready for trade talks with US
Geopolitics Impact 4
Canadian Prime Minister Mark Carney has denied US allegations that Canada deliberately derailed trade negotiations for political reasons, insisting that Ottawa is ready to return to the negotiating table whenever Washington is prepared. Speaking at a press conference in Thunder Bay, he said he is ready to reach a mutually beneficial agreement when the US side is ready. The conflict escalated after talks collapsed last month, missing the August 22 deadline, prompting the US to impose new 50% tariffs on certain Canadian imports worth a total of about $20 billion. Canada retaliated with dollar-for-dollar tariffs on US goods of equal value, set to take effect next week. Both sides accuse each other of making unreasonable last-minute demands, while President Donald Trump has warned that Canada's economy could face severe consequences from the dispute.
