Carney Reports Technical Trade Negotiations with U.S. at G7

Carney confirmed the meetings while speaking to reporters in Vancouver, characterizing the dialogue as highly detailed. The discussions arrive at a critical juncture for the U.S.-Mexico-Canada Agreement, which faces a July 1 deadline for renewal or a formal signal of intent to exit. While President Trump suggested on Wednesday that the United States might fare better without the current arrangement, he left the door open for potential revisions.

Beyond the high-stakes rhetoric, the negotiations touched on tangible sectors, specifically forestry products. Carney acknowledged the president’s documented dissatisfaction with the existing framework but signaled that both nations remain committed to working through specific trade grievances. Should the countries fail to reach a new consensus by the deadline, a decade-long exit process would provide a window for further adjustments.