After agreeing 30-day timeline, Mark Carney now says ‘nothing's assured' on deal with U.S.

National Post

23-06-2025

OTTAWA — Prime Minister Mark Carney lowered expectations on Monday about reaching an agreement with the United States for an economic and security pact by July 21.
Article content
Speaking in Brussels, where he signed a defence partnership with the European Union (EU), Carney was asked which options Canada would be considering, besides higher tariffs on U.S. steel and aluminum, if he does not strike a deal with U.S. President Donald Trump within the next 30 days — as agreed to during the G7 summit last week in Kananaskis.
Article content
Article content
Article content
'We'll do what's right for Canada,' he said. 'We're working hard to get a deal, but we'll only accept the right deal with the United States. The right deal is possible, but nothing's assured.'
Article content
Article content
Carney said earlier this month his team was in 'intensive discussions' with the U.S. and held off on further retaliation on additional tariffs of Canadian steel and aluminum, pending those discussions. In an interview with Radio-Canada days later, the prime minister hinted he was hoping to come to an agreement with Trump during the G7 summit.
Article content
But the summit in the Canadian Rockies passed without an agreement to end the tariffs, and both men agreed to pursue negotiations toward a deal within the next 30 days.
Article content
Days later, Carney announced a series of measures that would come into force on July 21 should both countries not come to an agreement — including increasing the existing counter-tariffs on U.S. steel and aluminum, blocking U.S. producers from competing for federal procurement projects and addressing global overcapacity in these sectors.
Article content
Article content
Politico has reported that the Trump administration has 'a lot of fish to fry' given all the trade deals his administration is trying to strike with other countries to lift reciprocal tariffs, and with all the deadlines on the horizon, Canada might simply not be a top priority.
Article content
Article content
In fact, the U.S. Trade Representative's Office recently circulated a draft 'agreement on reciprocal trade' with the EU, according to the Wall Street Journal, which included concessions to existing regulations such as its Digital Markets Act, its carbon-based border tariffs, methane rules and more.
Article content
The President of the European Commission, Ursula von der Leyen, said she would not go into details of the trade negotiation but said she was 'very clear' that topics that touch the sovereignty of the decision-making process in the EU are 'absolutely untouchable.'
Article content
'Of course, we discuss tariff lines, we discuss non-tariff barriers, like standards and norms, for example. We discuss strategic purchases. We discuss all these topics, but where it is the sovereign decision-making process in the European Union and its member states that are affected, this is too far,' she said.