World · North America · 33 mins ago

Hoekstra says Canada-U.S. trade deal could come by end of 2026

Hoekstra says Canada-U.S. trade deal could come by end of 2026

U.S. Ambassador Pete Hoekstra says Canada and the U.S. could reach a trade deal before the end of 2026.

He says Prime Minister Mark Carney and President Donald Trump still need to resolve differences.

Carney said in Winnipeg that Canada welcomes steps to restore free trade, which he said would benefit people in both countries.

Democrats won majorities in the U.S. House and Senate, and some elected Democrats have criticized Trump’s tariffs on Canadian goods.

But Hoekstra expects the election results to have little effect on trade talks, because the president has broad authority over trade policy.

Democrats could try to limit tariffs through legislation after taking control in January, but Trump can veto bills and Congress would need large majorities to override him.

The trade deal remains a possibility, but the tariffs may be difficult for Congress to change.

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What people are saying

Pete HoekstraU.S. ambassador to Canada
I think Mark Carney probably knows exactly what he wants, the president knows what he wants. They’ve got to iron out a few of those differences,
via BNN Bloomberg
The president knows what he wants to get done on trade. I think that’s exactly where he’s going to keep driving,
via BNN Bloomberg
Mark CarneyCanadian prime minister
Obviously, we welcome any moves to restore a free-trading arrangement,
via BNN Bloomberg
Blake HardenManaging director for trade policy at Ernst & Young’s Washington Council office
The swing in Congress, the results of the election, are very unlikely to have a significant impact on the president’s trade agenda and the tariffs that are in place,
via BNN Bloomberg