The Globe and Mail reports in its Tuesday edition that Prime Minister Mark Carney said deals President Donald Trump has reached with other trade partners are not necessarily templates for Canada's negotiations, given the differences in the trading relationships. The Globe's Mark Rendell and Stephanie Levitz write that on Sunday, the European Union became the latest U.S. trade partner to reach an agreement with Mr. Trump that locks them into higher tariffs in order to avoid worse threats from the protectionist President. The EU accepted a broad-based 15-per-cent tariff, with carve-outs for some industries, and agreed to purchase $750-billion (U.S.) worth of U.S. energy and invest $600-billion (U.S.) in the United States. The agreement left tariffs of 50 per cent in place on steel and aluminum -- although EU officials suggested there may be quotas that lower the tariff rate on the metals. Matthew Holmes at the Canadian Chamber of Commerce, highlighted Canada's different position: "The amount of cross-border, back and forth, value creation between Canada and the U.S. is considerable and very integrated. You just don't see that from the EU, where it's really a trade in end goods and finished products and some commodities."
© 2026 Canjex Publishing Ltd. All rights reserved.