Canada’s Finance Chief Says Tariffs Likely to Stick in US Deal

July 17, 2025, 4:19 PM UTC

Canada’s finance minister signaled that any trade deal with the US is likely to include at least some tariffs, and repeated that the country’s dairy and poultry protections won’t be on the table during negotiations.

“There’s not evidence to suggest that you can have a trade deal with the US without tariffs,” Finance Minister François-Philippe Champagne said Thursday in an interview with Bloomberg Television.

The comments underscore a shift in expectations within Prime Minister Mark Carney’s government. Until recently, Canada’s stated goal was to try to get all of US President Donald Trump’s tariffs removed. Now, the focus ...

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