The United States imposed broad tariffs on imports of Canadian goods at the beginning of March before announcing several reductions and exemptions, while Canada has hit back with counter measures.
“We’re having a very complex negotiation about a wide range of issues... you don't expect to have specific progress as things move along, even when you're making progress,“ Carney told reporters after the meeting with Trump.
“We have a tremendous deficit with Canada,“ Trump told reporters during an event at the White House, sitting alongside Carney.
The United States' trade deficit with Canada was $63.3 billion last year, according to the US Trade Representative's office.
“We don’t really want cars from Canada, and we put tariffs on cars from Canada,“ Trump said. “And at a certain point, it won’t make economic sense for Canada to build those cars.”
In theory, Canada should be protected against US tariffs by the North American free trade agreement, which was renegotiated during Trump's first term in office.
Carney said the meeting with Trump marked the start of renegotiation of that existing deal, formally called the United States-Mexico-Canada Agreement (USMCA), which was due to be reviewed by July of next year.
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