Bloomberg Surveillance · Thursday, October 1, 2026
The U.S. remains open to a trade agreement with Canada, but is cautious about reducing tariffs due to its ongoing efforts to reshore manufacturing, which has reportedly created 60,000 net manufacturing jobs this year. The U.S. emphasizes the need for careful consideration of the terms of any deal, acknowledging that gaps still exist between the two countries.
“We have a trade policy where we're not inclined to go to zero tariffs because we're trying to reshore, and it's being very effective. We're bringing back manufacturing, 60,000 net manufacturing jobs this year. We want to see that continue, so we want to be very careful about the terms of any deal, and there are gaps remaining between Canada and the United States.”