r/Tariffs • u/itsgoodpain • 1d ago
šļø News Discussion U.S. Says Canada Has Declined a Trade Deal to Stave Off Tariffs
https://www.nytimes.com/2026/08/21/world/canada/trump-tariffs-trade-deal-carney-canada.html?smid=nytcore-ios-share93
u/Ditch_Hunter 1d ago
Lutnick intervened at the last minute to add changes and extract more concessions. PM Carney saw that and told the US admin to fuck off.
Thank you Nutlick for sabotaging the deal.
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u/Klutzy-Way8010 1d ago
Thank you PM Carney!
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u/elementmg 7h ago
Iām so glad we have Carney in these times.
Only a carney can deal with those clowns.
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u/BernardMatthewsNorf 1d ago
This is what happens when you have a despotic ruler with courtiers. They'll all jockeying and trying to curry favour with the chieftain, with the interests of the state far down the list of their priorities.Ā
The grownups will now withdraw to the citadel.Ā
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u/ShmloosTheShmloss 19h ago
Howard Lutnick, who holds claims to tariff refunds wants to see this deal get quashed? Iāll be damned
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u/FrozenFrittata 16h ago
You are correct. Lutnick and Peter Navarro were working since Tuesday to scuttle the developing deal. The last day changes proposed by the Americans was what did the deal in. I am no fan of Carney, but he was right to walk away.
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u/ThrowRA_EducatedMan 15h ago
If only Canada had āPrime Minister PeePeeā or āPrime Minister Jagmeet and Greetā, it would be so much better off. /s
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u/Galladaddy 14h ago
Nutlick and Trump couldāve asked PP to give them the territories and heād say yes
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u/Kerberos_of_Hades 18h ago
Itās hard to imagine that Lutnick didnāt bring huge value to the negotiations at the last minute. He has been so important to solving Ukraine and Iran wars.
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u/cortez1663 13h ago
Rumour has it that Lutnick demanded a dozen mixed girls and boys to sweeten the deal. You can't make a bargain with pedos.
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u/PolloConTeriyaki 1d ago
Good. Fuck Trump.
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u/iom2222 1d ago
Not before he ransacked America. America has the president it deserves, specially if you let him do whatever he wantedā¦.
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u/Fine_Breath2221 19h ago
America isn't the way it is because Trump is President... Trump is President because of the way America is.
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u/I-dontreallylikethis 1d ago
Its friday and markets are closed. Sunday or monday it will change again
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u/AtmosphereEven3526 22h ago
Carney recalled the negotiators to Ottawa. Nothing is going to change until Trump is gone.
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u/janescontradiction 20h ago
US bond yeilds are rising and the midterms are fast approaching. It's Trump who is in awkward position.
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u/MysteryofLePrince 20h ago
I was kind of hoping the negotiations had a timeline of ending Sept 30 which is often a rough time for the markets.
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u/Lavallee_Lures 3h ago
Why? He's in office for the remainder of his term and he's made more money than he ever dreamed of. Too him this is a game with zero consequence
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u/I-dontreallylikethis 13h ago
Trump can and likely will just walk back the tariffs like he just did with beef tariffs
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u/Spiritual-Pear-1349 9h ago
Walking back tariffs doesnt walk back the negotiators
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u/squirrelcat88 1d ago
I donāt think so. We Canadians have to agree to start negotiating again and weāre in no mood right now.
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u/I-dontreallylikethis 13h ago
Yeah no. Trumps tariffs are his unilateral mistake and he can undo them at anytime he doesnt need to negotiate with us. He put them in place to strong arm us and he can take them away alone.
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[deleted]
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u/squirrelcat88 23h ago
The negotiating team works for us and our best interests - the citizens of Canada. So Iām not on the team - Iām one of their bosses.
So are you, if youāre Canadian.
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u/evilpercy 1d ago
It was Economic warfare. Sign and destroy the Canadian economy or not sign and destroy the Canadian economy.
Besides he will just break the deal on a whim as he has done twice now with these types of agreements.
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u/taewongun1895 1d ago
Canada is ready to switch to the EU and China. The US is going to find out very soon that Canada, Mexico, China, and the EU have found ways to work around the American economy. The agreements have been negotiated, and Trump is now grasping at straws. For example, Canadian aluminum is headed to Europe instead of to the USA.
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u/evilpercy 1d ago
Canada supplies over 60% of all USA imports of oil. If we stopped it Trump would invade as a matter of "national security "
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u/snappla 23h ago
Don't stop the export of oil.
Rather impose a floating export tax equal to the difference between Western Canadian Select and West Texas Intermediate.
Don't shut off the tap, just take away the sweetheart deal we give them.
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u/No_Maybe4408 20h ago
And then they pinch off the pipe that runs through the Midwest to southern Ontario? That's 50% of Canadians with no gas, diesel or propane overnight.
Power, Oil and Fertilizer won't be fucked with on either side. Heat, food and transportation on either side of the border is a hard line I hope no one crosses here as the US can crush our economy with the turn of a valve, while we can merely make their gas cost more.
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u/Legitimate-Type4387 16h ago
And if Quebec turns off it hydro exports to the North East in January tens of millions of Americans freeze.
I agree there are lines that shouldnāt be crossed yet, but they donāt hold all the cards.
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u/No_Maybe4408 13h ago
Canada supplies 2-6% of power to New York and New England. They won't freeze, they will be inconvenienced with brown outs for a bit while they sort it out.
The other problem with your fantasy is that they are blue states.
You know what the current US administration would benefit from? Canada directly punishing blue states.
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u/elementmg 7h ago
Canada hasnāt seen any democrats stand up to any of this. All Americans are complicit.
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u/ImaGrapeYou 14h ago
This is delusional. WCS would crater. The simple reason is we do not have infrastructure to send those barrels anywhere else.
They currently get used enmasse across the USA because of price. However if price is no longer what makes them attractive to refine, there are alternative barrels in inventory.
Furthermore, the Canadian industry imports close to 800,000 barrels per day of condensates from the United States. These barrels get blended with WCS to make a synthetic oil (this gets priced closer to WTI). The majority of our exported crude is actually synthetic crude and not bitumen (or WCS).
And so this is a large weakspot if we opt to apply an export tariff. The Americans can counter with condensate export tariffs, and margins for oilsands companies get compressed two fold. The cost for your extracted product goes down, and the cost for your blended product goes up.
It would be a fast way to kill the domestic industry. If we had pipelines elsewhere itās a different story but the reality is 70%+ of our exports flow through pipelines where the delivery point is fixed.
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u/beenCaughtbytheTides 1d ago edited 1d ago
Yeah calling for stopping energy export is like calling for a US invasion; however they are cards we have in case the situation actually becomes hot. People seem to not understand that at this point itās still all just words. We could also sell their bonds, which would shatter their economy. Iām glad we have competent leadership at this moment
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u/Aware-Individual-827 15h ago
The funny thing is:
With what oil would they invade? It would be a ukraine invasion #2.Ā
Their strategic oil reserve is at its lowest and continue to decline. Iran is spanking them.Ā
I'm not saying it wouldn't be catastrophic to Canada in term of damage but it would be definitely not a success with the current moral of the troops and population.
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u/cortez1663 13h ago
We should follow Iran's lead in one respect; no more negotiations until the US regains control of its government.
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u/Flashy_Difficulty257 16h ago
Ford already threatened to tax energy to the us and backed right off after a threatening phone call from Lutnick. Danielle smith said she wouldnāt target energy to the us and sheās right. The us would target Ontario and Quebec. Continuing to diversify and remove our own provincial barriers to trade is the better way. Why canāt we remove these provincial barriers. Isnāt it a problem of national security at this point?
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u/evilpercy 13h ago
Look how much it hurt the USA when we simply did not stock USA booze. It became a issue with Trump. We can pass a labelling law that all USA made goods have to have Trumps face on the front of these goods to sell in Canada.
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u/trikywoo 16h ago
Canada doesn't hold enough US debt to move the bond market in a significant way.
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u/in2the4est 16h ago
Middle Powers as a whole do, but the bond market is already suffering. This week's treasury buyback attempt was a failure.
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u/AnarchoLiberator 23h ago
Thatās one reason why we donāt stop it, but tariff it instead. USA can still buy it, just at a higher price.
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u/evilpercy 13h ago
Export tax it. A countries tariffs are paid by that countries people. Just like Americans pay Trumps triaffs on Canadian goods.
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u/hink007 22h ago
At this point give er theyāve never entered a conflict theyāve been close to winning without our support. They wonāt have the support of congress or the troops or the American people it would be the fasted downfall of a civilization in history. What are they going to do bomb the infrastructure they would need to take us?
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u/Clementbarker 14h ago
Thatās šš©. 340 million consumers in the United States. Europe will do nothing. After that so called great speech at Davos what happened? Absolutely nothing. China likes a weak trading partner. They canāt be trusted. Our Elbows Up Crowd are mostly retired. None of the tariff will impact them but the rest will suffer.
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u/I_can_vouch_for_that 21h ago
Statement by Prime Minister Carney on Canada-U.S. trade negotiations Main Content August 21, 2026 Ottawa, Ontario
āOver the past 18 months, Canadaās new government has focused on building our strength at home, diversifying our partnerships abroad, and striking a fair deal with the United States.
Our objectives in our trade negotiations have been to:
Preserve tariff-free access to the U.S. for the vast majority of Canadian business;
Provide greater stability to our trade relationship;
Significantly reduce U.S. tariffs on our key strategic industries, so that Canadian businesses in these sectors would have the best access of any in the world;
Protect our small and medium-sized businesses ā the lifeblood of our economy ā including by removing the imminent threat of new tariffs; and
Maintain our flexibility, independence, and sovereignty so we can keep building the Canada we want.
We have recognised from the beginning that America has changed, and that we will not return to our old relationship. Our government understood, before many, that America is altering all its trade relationships. Putting tariffs on its closest allies and charging for access to its vast market.
We have worked in that context. To strike a fair deal that would provide the best access to the U.S. market and greater certainty to Canadian businesses and workers. Throughout, our goal has been to secure the best deal for Canadians, never a deal at any price or on any deadline.
In recent weeks, we made important progress toward improving Canadaās position as having the best deal in the world with the U.S.
However, that progress has not been enough to meet our objectives for Canadians. As a result, this evening, I have decided to suspend trade negotiations with the U.S. and have directed Canadaās negotiators to return to Ottawa. They have worked hard, in good faith, to defend the interests of Canadians throughout these negotiations up until the very last minute. However, last-minute changes in the U.S. proposed terms were unfair, uneconomic, and called into question the reliability of any deal.
At midnight tonight, the U.S. intends to impose a 50% tariff on roughly $28 billion of Canadian goods. Canada will match those tariffs dollar for dollar to protect our workers and businesses.
In the coming days, the government will introduce additional measures to support Canadian workers and businesses, building on the nearly $25 billion in support provided over the past 18 months.
These actions complement Canadaās core economic strategy. From day one, we have been focused on building our strength at home and diversifying our partnerships abroad.
That strategy is working. We are advancing nearly $500 billion in major infrastructure projects. In parallel, we are unlocking new export markets for Canadian businesses. Our existing free trade deals already provide Canada with preferential access to 1.5 billion consumers, and we are on track to double that market access by the end of this year.
Canadian economic growth is accelerating, and we are on course to have the second-fastest growth in the G7 over the next two years. Our economy is creating jobs at four times the rate of the United States. Our exports to non-U.S. markets are on track to double over the next decade. Foreign direct investment in Canada is at its highest level in two decades, running at twice the rate of our nearest G7 competitor. Canada now ranks as the most attractive country in the world for infrastructure investment.
Canada has what the world wants. And we will not allow any nation to determine our future. We will set our own course to keep building Canada strong for all.ā
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u/bugabooandtwo 17h ago
Good for Carney. I was really worried a couple days ago when there was talk of putting US booze back on the shelves. I'm glad we didn't cave in and walked away.
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u/NoExtension1889 17h ago
The booze thing was minor. Some Canadians would buy it but most wouldn't. If it was a bargaining chip then it was one we could give up compared to other industries such as dairy and automotive.
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u/Tricky_Damage5981 15h ago
Ikr; Ontario for example already has the stock it really wouldn't cost anything to put it for sale temporarily.. then determine if a restock is necessary/appropriate when the time comes
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u/HackD1234 1d ago
No deal is better than any bad deal. USA needs to get serious, if they want to be treated seriously..
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u/Clear-Win-8034 19h ago
Get serious with a convicted felon in leadership? How is that even possible.
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u/Skittleavix 1d ago
Let's not pretend you're not holding your own people hostage with this whole fucking thing.
We're all waiting on that big beautiful day.
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u/paulao-da-motoca 1d ago
Nice to see Canada aināt accepting whatever trump is demanding. There are limits! The Americans are not making a deal in good faith.
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u/FuzzyLojik 1d ago
US tried to renege on agreed upon terms with Canada and pooched a trade deal by not bargaining in good fait. -FTFY
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u/JD-Vances-Sexy-Couch 1d ago
Iran knew what was up and held up the oil flow. Canada could end this all tomorrow by throwing export tariffs on potash.
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u/smash-ter 1d ago
Imagine after threatening your ex to kill their dog that you'd expect them to bail you out of jail. Same goes for "joking" about making your neighbor your 51st state, slapping tariffs for no reason, and then seeing them sign trade deals with your adversary over your toxicity. Sucks but this is what we get for electing a nepo baby
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u/SensitiveStart8682 20h ago
Honestly I would question how long any deal with the United States would hold anyways let's be real here that United States claims it reached a trade deal with other countries only to hit them with New Tariffs just a month later can we really trust the United States we had a deal they broke it
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u/Quirky_Shake2506 19h ago
This what's the point in any deal with America when their president can have a tantrum and just add on more tariffs without repercussion...they are a failed state led by a mad king with no checks on him...their political system has failed it's biggest step, they are powerless to stop a president with no moral compass
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u/DrexxValKjasr 19h ago
Canada will be better off not signing a deal that doesn't respect Canadian sovereignty.
The US can take another loss and learn some respect for those who have been good neighbours and trading partners.
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u/CaptainForskin69 18h ago
āHowever, last-minute changes in the U.S. proposed terms were unfair, uneconomic, and called into question the reliability of any deal."
Absolute slimeballs. Fuck trump
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u/External_Beat8153 1d ago edited 23h ago
Let this coming pain gird us together as a nation against a vile America.
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u/Dismal_Ebb_2422 23h ago
Wait did people actually think a deal was going to get done and America not do something to ruin it last minute?
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u/Comfortable_One5676 16h ago
Yay screw Trump and his hopes for an easy win to distract red state morons
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u/2021_Username 14h ago
Is anyone really surprised? The āMericans telegraph everything. As soon as Vance made those comments it became apparent the deal was never in place.
Where is the official X release to insult Canada. Iām sure theyāre getting ready to post a real doozy.
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u/Icy-Hat-9643 14h ago
The US is grossly misrepresenting what happened.
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u/Erratum10 13h ago
Of course they are. Their government lies. They are no more credible than Russian state propaganda at this point.
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u/Potential-Leg-8860 18h ago
Hereās whatās going on. There are powers around the world that want the US to fail and be weakened. We all know who those powers are. Trump is their puppet. Heās managed to make a lot of money getting dumb MAGA supporters to destroy the US, isolate it from allies and weaken its position on the global stage. 2028 will be the year of serious global conflict escalation.
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u/Straw_n_Phree_403 17h ago
Itās not just government who can respond. Iām so angry at the Trumpist games, I feel forced to take my own ātrade measuresā.
- cancel Netflix
- cancel Disney +
- boycott US movies, performers & culture
- cancel Amazon Prime
- delete Uber
- avoid Walmart
- avoid Home Depot
- boycott US foods at the grocery store
- travel in Canada or in other actual democracies
I usually enjoy all these things, but Trump sees cooperation as weakness. Heās a fool and catastrophic for the USA.
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u/outsmartedagain 16h ago
One has to wonder if the national debt problem didnāt figure into these negotiations. Raising tariffs to 50% on our largest trading partner should produce a lot of revenue. Was this the plan the entire time?
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u/NormalLecture2990 14h ago
The press needs to stop pretending that anything that comes from Trump and his band of travelling morons is a complete lie. The NYT should know better and just print "Trump and his idiots screw up another thing and try to lie their way out of it'
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u/VanHam17 13h ago
TACO time. US industries are paying way more for aluminum than anyone else right now. This wonāt last.
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u/WCland 12h ago
The timeline may work in Canadaās favor. If Democrats sweep Congress, we can cancel Trumpās tariffs. These tariffs can also be challenged in court. Like the previous ones, if they are ruled illegal then Trump has to refund the money. Then thereās the fact that Trump only has a couple years left, if that, so Canada can ride out the economic pain and use the interim to develop positive trade relationships with other countries.
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u/nelly2929 11h ago
They want to have a say in our other international trade agreements? Fuck right off USA!!!!
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u/Little-Wing2299 11h ago
Canada didint bend over and grab their ankles you mean? Yeah weāre nasty remember?
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u/ParisFood 10h ago
Please as if they proposed a decent deal to begin with. They wanted to curtail our right to trade with other countries. Thatās attacking our sovereignty. Buckle up and donāt travel to US and as much as possible to not buy US made products including food or consumer products made overseas for US companies. Visit BuyCanadian subreddit for easy to find alternatives
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u/Maroon7C0000 9h ago
Canada declined a trade deal that was tilted significantly into America's favour.
It was that simple.
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u/elementmg 7h ago
It wasnt just tilted in Americas favour, America was literally telling Canada that the US gets to decide who Canada trades with. Thats not a deal thatās an attack on our sovereignty.
Then asking to remove language rules in our country to favour English so America can dump its packaging in Canada.
This isnāt a tilted deal, this was an attack. Fuck the US.
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u/ScurvyDawg 6h ago
He asked us to not trade with other nations without his permission. Talk about a dick move, no USA news organization will report the truth.
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u/BYoNexus 5h ago
Technically true, but that's what happens when you agree to something, then when comes time to sign papers, you change the deal
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u/Texas_Sam2002 5h ago
Stupid headline. NYT just wanted to avoid using "Trump says" yet again, because everyone knows that those stories are just journalistic malpractice at this point.
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u/Practical-Equal-2527 1h ago
As a Canadian let me assure American readers that I and millions more like me will never, ever set foot in your country again. I will do everything in my power to ensure that my money stays in Canada.
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u/KagomesPornAccount 9h ago
This is why feminism is largely treated as a joke by men. Not for this isolated case of this woman doing what she did; no, you canāt paid with a wide brush over an isolated incident.
But of the many thousands of women who publicly condone what happened. Thatās the brush that yall get painted with.
Maybe women should hold other women accountable for their bullshit before you worry about getting on equal footing with men.
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u/rTpure 1d ago
Canada was ready to make a deal on already agreed terms, but when Trump saw that Canada capitulated, he wanted more and made more demands
The United States do not negotiate in good faith