Terms of North American free trade deal set to be renegotiated in 2026 under shadow of US tariff policies.<\/p>\n
Published On 22 Dec 202522 Dec 2025<\/p>\n
Click here to share on social media<\/p>\n
share2<\/p>\n
Canada has named former BlackRock executive Mark Wiseman as the new ambassador to the United States, with upcoming trade and tariff negotiations likely to dominate his tenure.<\/p>\n
In a statement on Monday, Canadian Prime Minister Mark Carney<\/a> said that Wiseman would help manage Canada\u2019s relationship with the US, which has grown stormy under tariffs imposed by President Donald Trump.<\/p>\n Recommended Stories list of 3 itemsend of list<\/p>\n \u201cMr Wiseman will be a key contributor to the government\u2019s efforts to advance Canada-US priorities, including secure borders [and] a strengthened trade and investment relationship,\u201d Carney said in a statement.<\/p>\n Relations between the countries have somewhat settled after the US launched a trade war targeting Canadian goods, prompting anger<\/a> at what was widely viewed as an act of economic hostility against a longtime ally.<\/p>\n The Trump administration has targeted Canada with several rounds of tariffs, including a blanket 25 percent tariff for allegedly failing to stem migration and fentanyl flows from Canada.<\/p>\n That came despite data showing only a tiny fraction of fentanyl smuggled into the US crosses the US-Canada border.<\/p>\n The US subsequently imposed sweeping tariffs on automobiles, steel and aluminium imports, all of which disproportionately affected Canada.<\/p>\n In August,\u00a0Trump and Carney, who was elected on a promise to take a tough stance in the face of US threats, reached agreements to roll back<\/a> some of the measures. A more comprehensive deal has remained elusive.<\/p>\n Trump has also stirred anger by repeatedly saying that Canada should become the 51st US state, which Carney has firmly rejected.<\/p>\n