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Full Breakdown

Canada Not Ready for a Pre-Midterm Trade Deal with the United States

By Drooid · · How we work

In this breakdown

01

Recent Negotiation Dynamics

In the days leading up to the U.S. congressional midterm elections, talks between Ottawa and Washington have resurfaced but remain limited. Sources say the Canadian side views the window as an opportunity to reach a deal before the elections, yet skepticism persists that any agreement could be finalized in time. Earlier negotiations collapsed in August when Canada withdrew, after the United States pressed for language that would restrict Canada’s ability to pursue other trade agreements, dilute French-language provisions, and harm the auto sector.

02

Official Statements & Responses

He emphasized that any agreement must be “the right deal for Canadians.” Trade Minister Dominic LeBlanc is leading the political-level discussions, while lead negotiator Janice Charette notes that formal negotiations between trade representatives have not yet begun.

U.S. President Donald Trump activated previously threatened 50 percent tariffs on several Canadian products, prompting Ottawa to impose matching dollar-for-dollar retaliatory tariffs. Reuters, citing multiple Canadian and U.S. sources, reported that the two governments are working on a deal to ease Trump’s tariffs on Canadian steel and autos ahead of the elections.

Visual evidence

Midterms pushing U.S. to get trade deal with Canada: adviser
Midterms pushing U.S. to get trade deal with Canada: adviserPhoto: bnnbloomberg
Prime Minister Mark Carney speaks before a meeting of the Liberal caucus on Parliament Hill in Ottawa on Wednesday, Oct. 28, 2026. THE CANADIAN PRESS/Justin Tang Prime Minister Mark Carney speaks before a meeting of the Liberal caucus on Parliament Hill in Ottawa on Wednesday, Oct. 28, 2026. THE CANADIAN PRESS/Justin Tang
Prime Minister Mark Carney speaks before a meeting of the Liberal caucus on Parliament Hill in Ottawa on Wednesday, Oct. 28, 2026. THE CANADIAN PRESS/Justin Tang Prime Minister Mark Carney speaks before a meeting of the Liberal caucus on Parliament Hill in Ottawa on Wednesday, Oct. 28, 2026. THE CANADIAN PRESS/Justin TangPhoto: bnnbloomberg
Canada-U.S. trade talks: How soon could a deal be reached?
Canada-U.S. trade talks: How soon could a deal be reached?Photo: bnnbloomberg

03

Political Reactions

The tariff dispute has entered U.S. campaign rhetoric. Republican congressional candidate Mike Rogers of Michigan released an advertisement early this month urging President Trump to end the trade war with Canada, citing its impact on border states.

04

Verbatim Quotes

  • “We’re prepared to have a good deal for Canadians, the right deal for Canadians,” — Mark Carney, prime minister — Mark Carney, prime minister