Trump signals Canada-U.S. trade deal could come soon as talks advance

ASM, Philippine Canadian Inquirer
November 04, 2026

Photo courtesy: CNBC

U.S. President Donald Trump says Washington and Ottawa are nearing a trade agreement that could ease months of tariff tensions between the two countries.

Speaking on Fox News on Tuesday, November 3, Trump expressed confidence that both sides would reach an agreement soon.

“Canada is very good, we’re going to make a deal with Canada very soon. We’re going to make a great deal,” Trump said.

His remarks followed a conversation with Canadian Prime Minister Mark Carney over the weekend, during which both leaders discussed ways to resolve their ongoing trade dispute.

Carney described their discussion as productive and said negotiators would continue working toward an agreement in the coming weeks.

The Canadian prime minister wants a deal that supports jobs, lowers costs for families, and protects Canada’s languages, culture, and sovereignty.

Trump, meanwhile, said a potential agreement would benefit American farmers, who have faced trade barriers amid the tariff dispute.

Canada and the United States have imposed billions of dollars in tariffs on each other’s goods in recent months. The measures have strained trade relations and raised concerns among businesses and industries that depend on cross-border commerce.

The dispute has also become an issue in U.S. border states, including Michigan and Maine, where tariffs drew attention ahead of the November 3 midterm elections.

Trade negotiations stalled in August after disagreements over U.S. demands and proposed tariff relief, particularly for Canadian automobiles and other key industries.

Both governments have since resumed discussions, including possible changes to tariffs affecting Canadian steel and vehicles.

Despite the renewed optimism, neither government has announced a finalized agreement or confirmed when one might be signed.

Negotiators face the task of turning the leaders’ latest discussions into an agreement that both countries can accept.