A U.S.-Canada trade deal on steel, aluminium and energy could be ready for Prime Minister Mark Carney and US President Donald Trump to sign at the Asia-Pacific Economic Cooperation summit later this month in South Korea, the Globe and Mail newspaper reported on Tuesday. The White House, US Commerce Department and Carney’s office did not respond to requests for comment outside regular business hours. The US, however, is not ready to make any deal on Canadian automobiles or softwood lumber, the report added. Trump imposed tariffs on Canadian steel, aluminium and autos earlier this year, prompting Canada to respond in kind. Negotiations ensued on lifting the measures against steel and aluminium. Canada will probably have to accept quotas on steel in exchange for a lower U.S. tariff, with critical minerals off the table in these talks, sources told the Globe and Mail.

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