Earlier, Carney said the U.S. tried to restrict Canada's ability to strike new trade deals with other countries. We're getting some more context on that now.
The Trump administration briefed the U.S. steel and aluminum industry on the potential deal with Canada earlier this week, and the industry wrote a report about that briefing for their membership, according to a source with knowledge of the report's contents.
The source told CBC News the Canadian government was expected to agree to apply steel and aluminum tariffs on all of its trading partners at a rate comparable to what the U.S. has applied (50 per cent).
However, countries that have a free trade agreement with Canada would be treated differently. In those cases, Canada would have to establish a tariff rate quota, meaning a certain amount of product would be allowed into the country at a lowered tariff rate.
Carney said today that any restrictions on Canada's ability to strike new trade deals across the world are "unacceptable."
