Carney says he doesn’t see value in using energy as bargaining chip in U.S. trade talks
Canadian Prime Minister Mark Carney stated he will not use energy exports as a bargaining chip in trade negotiations with the U.S. The government is also removing a tax on streaming services as part of broader trade discussions.
Why it matters
This decision reflects Canada's strategy to maintain trust as a reliable energy supplier despite ongoing trade tensions and tariff threats from the U.S.
Prime Minister Mark Carney told reporters in Red Deer, Alta., on Wednesday that he didn’t 'see the value' of putting energy exports on the table in trade talks. Jeff McIntosh/The Canadian Press
Prime Minister Mark Carney is ruling out restricting Canada’s oil and gas supply to the U.S. in the face of President Donald Trump’s expanding trade war, removing a potent bargaining chip as Ottawa seeks a deal with Washington.
Mr. Carney’s government is also planning to scrap a tax on online streaming services such as Netflix and Amazon Prime, the latest in a series of concessions to U.S. trade demands for which Canada has not received anything in return.
Dominic LeBlanc, the Minister responsible for Canada-U.S. trade, is in Washington this week, where he met with U.S. Trade Representative Jamieson Greer and attended a social event co-sponsored by the Canadian government and major U.S. tech companies.
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