Free trade carveouts key in potential deal between US and Canada

By Sammy Hudes
The Canadian Press in CP24 News
July 29, 2025
Category: Business & Politics
Region: Canada, United States

Business leaders and academics say they hope to see Canada and the US maintain free trade protections for most goods once an agreement is reached, even if the negotiations can’t stave off certain sectoral tariffs. It’s unclear if the two countries will stick to the Aug. 1 deadline for wrapping up talks. Prime Minister Mark Carney said negotiations were in an “intense phase,” but US President Donald Trump told reporters last week that Canada wasn’t a priority. Canadian Federation of Independent Business president Dan Kelly said his organization’s members feel “a good chunk” of trade must remain tariff-free in order for talks to be considered successful. …Kelly said he would not consider it a win for Canada if its trade agreement ends up looking similar to the EU deal. He said the goal should be to keep zero tariffs on products that are currently protected under the CUSMA.

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