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Carney Says Canada-U.S. Trade Deal Near Completion

8/20/2026

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Story summary
  • Prime Minister Mark Carney announced the Canada-U.S. trade deal is near completion.
  • The pact would lower tariffs to 25% on Canadian steel and aluminum and to 15% on automobiles.
  • Conservative leader Pierre Poilievre urged creating a strategic mineral and oil reserve for tariff-free allies.
  • U.S. President Donald Trump called the emerging pact “very fair” and predicted market access for U.S. farmers.