US and Canada Establish Concept of New Trade Deal to Revive Negotiations

The United States and Canada have established the concept of a new bilateral trade deal and agreed to restart negotiations in the coming weeks. U.S. President Donald Trump and Canadian Prime Minister Mark Carney held direct discussions, with Trump stating the emerging framework would benefit American farmers. Negotiating teams aim to reach an agreement following the collapse of talks in August over vehicle tariff exemptions and cultural protections. While both sides have previously exchanged billions of dollars in retaliatory tariffs, specific terms, structural details, and formal timelines remain undisclosed ahead of the U.S. midterm elections.