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Canada, U.S. Target 30-Day Timeline for Economic and Tariff Agreement

by Daisy D.
06/17/2025
in Tariffs & Duties

June 17 – Canadian Prime Minister Mark Carney announced on Monday that he and U.S. President Donald Trump have agreed to work toward concluding a new economic and security agreement within 30 days.

The announcement followed discussions held on the sidelines of a G7 summit in Alberta. While earlier in the day Canadian officials noted that substantial progress was still needed, both leaders expressed interest in accelerating the negotiation process.

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According to a statement from Carney’s office, the two leaders “shared updates on key issues raised in negotiations on a new economic and security relationship between Canada and the U.S.” and agreed to “pursue negotiations toward a deal within the coming 30 days.” A spokesperson confirmed the intention to reach a final agreement within that timeframe.

Carney has been advocating for a renewed framework with the United States, emphasizing the importance of balanced economic and security cooperation. Discussions have included trade matters, including the treatment of Canadian exports such as steel, aluminum, and automobiles.

President Trump noted that differences remain, particularly regarding the role of tariffs, which the Canadian government continues to oppose. “I have a tariff concept. Mark has a different concept… we’re going to see if we can get to the bottom of it,” Trump said.

Canada’s Ambassador to the U.S., Kirsten Hillman, acknowledged that discussions are ongoing and reaffirmed Canada’s position. “We are in the middle of a discussion – we are not at the end of the discussion,” she said. “Our position is that we should have no tariffs on Canadian exports to the United States. We will continue to talk until we find a deal that is the best deal we can achieve for Canada.”

Negotiations are expected to continue intensively over the next month as both nations work to resolve outstanding issues and solidify a mutually beneficial agreement.

#SupplyChainNews #TradeRelations #CanadaUSDeal #EconomicUpdate #TariffTalks

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