Finance Minister Bill Morneau speaks to the Economic Club of Canada in Ottawa on Thursday, Nov. 22, 2018. THE CANADIAN PRESS/Sean Kilpatrick

Morneau hopes new NAFTA deal signed next week, stresses tariff issue is separate

Finance Minister Bill Morneau says Canada is working with the U.S. to solve the tit-for-tat tariff dispute.

Finance Minister Bill Morneau says he’s hopeful the newly struck North American free-trade deal will be signed next week — and suggests Canada could sign even with stinging U.S. tariffs in place.

Morneau was asked by reporters after a speech today if the government should still consider signing the new continental trade deal even if the United States keeps its heavy import taxes on Canadian aluminum and steel.

He says Canada is working with the U.S. to solve the tit-for-tat tariff dispute and he stresses Ottawa won’t make one set of negotiations contingent on another.

Morneau says there’s work going on behind the scenes to make sure the legal document defining the United-States-Mexico-Canada Agreement (or USMCA) is exactly as agreed and adds that he has every reason to believe the work is moving along at a good pace.

He was speaking to the Economic Club of Canada in Ottawa this morning, one day after he released a fall economic statement packed with billions of dollars worth of tax incentives for corporate Canada.

Ottawa’s long-awaited plan to help the country compete with the United States for investment dollars comes in response to major American tax and regulatory reforms that many in the business community warn has eliminated Canada’s edge as an investment destination.

Read more: Canada could ratify new NAFTA even if U.S. tariffs stay put: Trudeau

Read more: Trudeau to meet key Pacific trade partners at APEC leaders’ summit

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Port Alberni RCMP have their eyes on impaired drivers

March 17 to 23 is National Impaired Driving Prevention Week

Premier on hand as Paper Excellence finalizes Catalyst Paper purchase

Sale includes Crofton mill, plus mills in Port Alberni and Powell River

Three people deemed heroes after rescuing another in fiery crash on B.C. highway

Two people taken to hospital following head-on collision near Port Alberni

Crews mopping up after burning field Beaver Creek near Port Alberni

Firefighters from three departments, aerial support battled large grass fire

Port Alberni prepares to welcome hundreds of Indigenous youth delegates

Gathering Our Voices event will take place in the Alberni Valley from March 19-22

VIDEO: RCMP ask kids to help name soon-to-be police dogs

13 German shepherd puppies will be born this year

Nanaimo RCMP stop cyclist with no helmet, find out he’s wanted for murder

Kyle Antonio Dias, 19, to face second-degree murder charge in Toronto

British Columbia Teachers’ Federation welcomes new leader

Teri Mooring will take over as president this summer

Disappearance of Merritt cowboy now deemed suspicious: police

Ben Tyner was reported missing when his riderless horse was discovered on a logging road

Distillers hope federal budget scraps alcohol escalator tax

Tax hike set for April 1, marking third automatic increase in three years time

Kids found playing darts with syringes in Vancouver Island park

Saanich police is urging people to throw out their syringes properly and safely

BC Ferries has no plans to implement debit for vehicle ticket payments

Debit accepted for foot passengers, on-board purchases for all vessels

‘The whole city has changed:’ B.C. woman in New Zealand reacts to mosque attacks

An expatriate and Muslim students at UBC Okanagan deeply affected by white supremacist shooting

Trudeau condemns hateful, ‘toxic segments’ of society after New Zealand shooting

Prime Minister expressed sorrow at the many attacks in recent years

Most Read