09/14/2026
Canada–U.S. trade tensions took another twist this weekend — and the message from both sides is complicated.
On Saturday, September 12, President Trump said a trade deal with Canada could come “fairly soon” and downplayed the possibility of the U.S. leaving the USMCA.
But at the same time, the trade fight is still affecting Canadian businesses and consumers.
Canadian grocers are changing their supply chains as shoppers move away from American products, with some imports being replaced by products from countries like Spain and Brazil.
Then Canada looked beyond the U.S.
Prime Minister Mark Carney pushed for stronger economic ties with Europe, including trade, energy, AI, defence and critical minerals.
And on Monday, September 14, Carney hosted a major investment summit in Toronto, bringing global investors to Canada.
Canada is pitching more than 160 projects, with a target of over $1 trillion in investment over the next five years.
So, what is happening here?
Trump is talking about a possible deal, while Canada is preparing for more diversified trade and investment.
But the tariffs and economic uncertainty are still here.
Will Canada and the U.S. actually reach a deal soon — or is this just another temporary pause in the trade fight?
