
U.S. senators meet with Carney, push to ‘reinvigorate' CUSMA ahead of Trump deadline
Article content
U.S. President Donald Trump has threatened to impose a blanket tariff of 35 per cent starting next month on Canadian goods entering his country, barring him and Carney coming up with a new economic and security agreement before that date.
Article content
Article content
Article content
Carney met on Parliament Hill first thing in the morning with Democratic senators Rob Wyden from Oregon, Maggie Hassan from New Hampshire and Catherine Cortez Masto from Nevada, as well as Republican Senator Lisa Murkowski from Alaska, to discuss Canada's ongoing trade war with the U.S.
Article content
Article content
Murkowski is one of the only Republican senators who has been openly critical of the Trump administration.
Article content
Speaking after the meeting, Wyden said the first step to bring stability to the Canada-U.S. economic relationship is to try to 'reinvigorate' CUSMA — known as USMCA on the U.S. side — and said the other visiting senators share his view.
Article content
'This is something that we've had a considerable amount of success with since it was written during the (first) Trump administration, and we ought to strengthen it. We ought to build it, not get rid of it,' Wyden said.
Article content
Article content
CUSMA is scheduled for review in 2026. Over the weekend, U.S. Commerce Secretary Howard Lutnick said he expects Trump will want to renegotiate the existing agreement next year.
Article content
Article content
'It makes perfect sense for the president to renegotiate it,' Lutnick told CBS News in an interview that aired on Sunday. 'He wants to protect American jobs. He doesn't want cars built in Canada or Mexico when they could be built in Michigan and Ohio.'
Article content
Wyden did not specify what he meant exactly by reinvigorating the existing trade deal, or if it meant in his view an early review or renegotiation ahead of next year's deadline.
Article content
'At the end of the day, you are our best friends, and the relationship is going through some great strain,' said Hassan, whose state, New Hampshire, has long been a tourist destination for Canadians.
Article content
'But we do think that the framework of the USMCA gives us an opportunity to, kind of in one framework, come together and improve on something that was a great bipartisan success back in 2018,' she added.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


National Post
30 minutes ago
- National Post
'Solving all the world's problems': Ford stayed up late with Carney for fireside chat at Muskoka cottage
Ontario Premier Doug Ford said he stayed up late, talking with Canadian Prime Minister Mark Carney and 'solving all the world's problems' on Monday night. Article content Canadian premiers are in Ontario's cottage country in the Muskoka region this week for a three-day summit that is coming to an end today. Carney attended the meeting on Tuesday at the Deerhurst Resort to update the premiers on trade negotiations with the United States, according to the prime minister's office. They also discussed Canadian wildfires and other major projects that were to be completed in the country. Article content Article content Facing a shifting trade landscape, the premiers and I are focused on what we can control — working together to get major projects off the ground, break down trade barriers, and build a stronger Canadian economy. — Mark Carney (@MarkJCarney) July 22, 2025 Article content At a news conference on Tuesday, Ford told reporters that he hosted Carney at his cottage the previous evening. Article content Article content 'So, full disclosure, prime minister stayed at my place. We had dinner. We're up till 12:30 at night, chatting in front of the fireplace, solving all the world's problems,' said Ford. Article content Quebec Premier François Legault, who was also at the press conference, interjected. 'And you got a very nice small chalet,' he said, winking and smiling. Article content 'Yeah, yeah, I have a little shack, down the street there,' said Ford. 'And you know what it is? I'm just telling you — and I haven't known him for long — the prime minister is just the most humble person you'd ever want to meet.' Article content Ford proceeded to praise Carney and his accomplishments, saying that the prime minister had impressive roles at institutions like Brookfield, Bloomberg, the Bank of Canada and the Bank of England. Article content 'He has never said that in the entire time I've known him,' said Ford. 'He doesn't do that. He's very humble. He listens. He's a smart business person.' Article content Article content Ford said he would tell business owners to 'hand over' the keys to their business to Carney because he's 'business-minded.' Article content Article content 'He has his hands full because of the last 10 years of what has happened in our country. He's playing cleanup right now and we're going to be there to support him. But he's a very good man. He's off to a good start. He's an honest man, too. He just wants the best for for Canada,' said Ford. Article content 'He's given it everything he possibly can. And I think that's a consensus around the table. He's trying. He's a very smart, shrewd businessman.' Article content


Cision Canada
30 minutes ago
- Cision Canada
Canadian securities regulators publish CIRO oversight review report
VANCOUVER, BC , July 23, 2025 /CNW/ - The Canadian Securities Administrators (CSA) today released the Oversight Review Report of the Canadian Investment Regulatory Organization (CIRO). The report evaluates whether CIRO has complied with the terms and conditions of its recognition orders, and whether regulatory processes are effective, efficient, and applied consistently and fairly. CSA staff completed a risk-based oversight review of CIRO that targeted specific processes within the areas of information technology, membership intake, and trading conduct compliance. CSA staff identified three medium priority findings. CIRO has established an action plan to address and remediate each finding. Other than those findings, CSA staff did not identify concerns with CIRO meeting the relevant terms and conditions of regulators' recognition orders in the functional areas reviewed. The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets. For media inquiries, please contact: Ilana Kelemen Canadian Securities Administrators [email protected] Brian Kladko BC Securities Commission [email protected] For investor inquiries, please contact your local securities regulator. SOURCE Canadian Securities Administrators


Winnipeg Free Press
30 minutes ago
- Winnipeg Free Press
Trump announces more trade deals as deadline looms for higher tariffs on Canada
WASHINGTON – U.S. President Donald Trump announced more trade deals this week as his deadline for Canada and the United States to negotiate a new economic and security partnership draws closer. Trump said Tuesday that the United States had made deals with Japan and the Philippines. The White House also provided more information on the framework of a deal with Indonesia that Trump had announced earlier this month. The announcements come just over a week before Trump's latest duty deadline, and as pressure mounts on many of America's largest trading partners. Trump has sent letters to multiple nations, including Canada, saying that if no deal is made by Aug. 1, he will impose high tariffs on imports to the United States. On Tuesday, Prime Minister Mark Carney confirmed Canada-U.S. Trade Minister Dominic LeBlanc is in Washington this week but downplayed expectations of a deal by Trump's deadline. This report by The Canadian Press was first published July 23, 2025.