Hassett: U.S.-Canada Trade Talks Accelerate, Both Sides Nearing a Deal
nashnova research
White House economic adviser Kevin Hassett said the U.S. and Canada are 'very close to a final deal,' with Commerce Secretary Howard Lutnick in ongoing talks with Ottawa this week; earlier Canadian elections had stalled progress, but negotiations have now resumed.
Where do the talks stand?
Hassett told Fox News that U.S.–Canada trade negotiations are speeding up, with the two sides "very close to a final deal."
Commerce Secretary Howard Lutnick has been in continuous dialogue with Canadian counterparts this week, and momentum is "building."
This means → talks have shifted from stalemate to a sprint phase, with core gaps narrowing.
Why were they stuck before?
Hassett pointed to a string of Canadian elections, including an Alberta independence referendum, that made negotiations "nearly impossible to advance."
In plain terms = Canada's political calendar was too crowded — no official could sign off on a deal mid-election, so talks were shelved.
With the election cycle now over, both sides have restarted substantive discussions.
Is a deal really about to land?
The optimism so far comes only from the White House side; Canada has not publicly responded.
Hassett himself acknowledged that whether a deal lands on schedule still awaits official confirmation.
This means → "close to a deal" is a negotiating signal, not a signing announcement — worth watching, but too early to price in.
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