The Globe and Mail reports in its Friday edition that Prime Minister Mark Carney says he does not expect that Canada and the United States will reach a near-term deal to end President Donald Trump's tariffs on steel, aluminum, autos and other sectors, and that these negotiations will instead become part of a coming review of the pact that governs continental trade. The Globe's Adrian Morrow writes that Mr. Carney said the review of the Canada-U.S.-Mexico Agreement would absorb the talks on Mr. Trump's punishing sectoral tariffs. The review of the deal is expected to happen next year, but an exact timeline has not been established. This means that it could be another year or more before the countries reach an agreement to lift or reduce Mr. Trump's levies, prolonging the pain across several sectors of Canada's economy. "My judgment is that that is now going to roll into the broader CUSMA negotiations, so we're less likely, we're unlikely, given the time horizons coming together, to have a sectoral agreement," Mr. Carney said. "If the United States wanted to sit down this weekend, we could sit down this weekend." U.S. authorities have singled out Canada's protectionist supply-management system for dairy as an irritant.
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