Canada and the USA are planning new trade agreements – Diepresse.com
The trade conflict with the United States can already be felt for the Canadian economy. A conversation in the coming weeks, probably only after the parliamentary election, should bring a new trade agreement.
Canada and the United States want to talks about a new trade agreement, according to the Canadian Prime Minister Mark Carney lead in a few weeks. He had agreed with US President Donald Trump that « the talks will begin in early May, » said Carney in front of his cabinet members on Friday. The current trade conflict with the United States can already be felt for the Canadian economy.
The customs dispute with the USA causes a « tightening of the financial conditions », which is the first signs of slowing down the global economy and leads to negative effects on the Canadian labor market. Canada is currently affected by US tariffs on steel and aluminum as well as cars. Ottawa in turn raises surcharges on individual US products.
Shortly before the talks with the US government announced, there will be a early parliamentary election in Canada on April 28th. Carney’s liberal party is in front in current surveys. (APA/dpa)
