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Carney Tempers Expectations on U.S.-Canada Trade Talks

                                             Carney says U.S. tariff reprieve 'unlikely' to happen before CUSMA review talks. Canadian Prime Minister Mark Carney has downplayed the likelihood of a near-term trade deal between Canada and the United States, signaling that any progress will likely be folded into the upcoming review of the Canada-U.S.-Mexico Agreement (CUSMA) scheduled for 2026. Speaking at a press conference in Ottawa, Carney explained that efforts to secure sector-specific agreements—particularly in industries such as steel, aluminum, autos, and lumber—have stalled since U.S. President Donald Trump abruptly ended negotiations in October. The talks were derailed after Ontario aired a controversial anti-tariff advertisement featuring former President Ronald Reagan, which drew sharp criticism from Washington. Carney emphasized that while Canada...

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Canada’s Counter-Tariff Play: Targeting American Consumer Essentials

In response to U.S. tariffs, the Canadian government has unveiled a counter-tariff strategy aimed squarely at a broad spectrum of American consumer goods. The measures, set to take effect in two phases beginning Tuesday, target products that are both highly popular in the United States and strategically chosen to minimize the domestic impact in Canada.

Among the first wave of goods to be hit are items from the food and beverage category. American beer, wine, and bourbon are on the list, as are fruits and fruit juices—including specialty items such as orange juice from key U.S. producing states. In addition to these, Canada’s counter-tariffs extend to everyday consumer staples like clothing and footwear, along with accessories and undergarments. Household items are also in the crosshairs; retailers should expect tariffs on appliances, furniture, and a range of home wares.

Other categories include automotive parts and motorcycles, reflecting a broader approach that touches on recreational goods and transport components. Even products such as tobacco, lumber, and paper are being targeted, underlining the comprehensive nature of the retaliatory measures. According to senior government officials, the selected items are expected to hit key sectors of the American economy, serving as a clear signal that the counter-tariff strategy is designed not only to retaliate but also to press for a resolution of the ongoing trade dispute citeturn0search6; citeturn0search1.

This move marks another chapter in the evolving trade tensions between Canada and the United States. While the full list of targeted products will expand in the coming weeks, these early steps highlight Canada’s intention to use its tariff tools strategically—aiming to affect sectors where American consumers are likely to feel the pinch while ensuring that Canadian industries, with available domestic alternatives, remain largely insulated.

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