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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Port Hardy Mounties help First Nation chief build smokehouse

‘We have great maya’xala for all the community members, in each of the communities…’

Emaciated grizzly found dead on central B.C. coast as low salmon count sparks concern

Grizzly was found on Gwa’sala-‘Nakwaxda’xw territory in Smith Inlet, 60K north of Port Hardy

Access to remote Side Bay beach up in the bureaucratic air

Roads to the pristine north west coast Vancouver Island beach at risk of being deactivated

Mount Cain planning a modified winter season for north Island ski and snowboarders

Skiing is a COVID-friendly activity, but shared public spaces require adjustment

Remote B.C. tourism lodge staffed for coastal clean up instead of wilderness tours

The Great Bear Rainforest is home to exotic wildlife — and international trash

3 new deaths due to COVID-19 in B.C., 139 new cases

B.C. confirms 40 ‘historic cases,’ as well

Supreme Court Justice Ruth Bader Ginsburg dies at 87

The court’s second female justice, died Friday at her home in Washington

Comox Valley protesters send message over old-growth logging

Event in downtown Courtenay was part of wider event on Friday

Application deadline for fish harvester benefits program extended

Those financially impacted by the pandemic have until Oct. 5 to apply

VIDEO: B.C. to launch mouth-rinse COVID-19 test for kids

Test involves swishing and gargling saline in mouth and no deep-nasal swab

Young Canadians have curtailed vaping during pandemic, survey finds

The survey funded by Heart & Stroke also found the decrease in vaping frequency is most notable in British Columbia and Ontario

B.C. teachers file Labour Relations Board application over COVID-19 classroom concerns

The application comes as B.C.’s second week of the new school year comes to a close

CHARTS: Beyond Metro Vancouver, COVID-19 cases in B.C. haven’t increased much recently

COVID-19 case counts outside of Metro Vancouver have been level since July

70-year-old punched in the head in dispute over disability parking space in Nanaimo

Senior’s turban knocked off in incident at mall parking lot

Most Read