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.

Just Posted

City of White Rock hosts official pier reopening

Event included ribbon-cutting, speeches, live music

Surrey school district to allow students to miss class for global climate strike

Students must be excused from school by parents; will be able to make up missed work without penalty

Surrey rallies for change in global climate strike

Holland Park event part of marches around the world Sept. 20

Surrey RCMP need help to find missing man

Denis Godard, 64, who was reported missing on Sept. 19

Little library stolen in Clayton Heights

Thieves permanently check out family’s book collection

VIDEO: Grizzly bears fight along northern B.C. highway in rare footage

Cari McGillivray posted the head-turning video, shot near Stewart, B.C., to social media

Handgun crackdown, health spending and transit plans latest campaign promises

Friday was the end of a busy week on the campaign trail

B.C. woman photographs massive ant swarm on Abbotsford driveway

She asked what the ants were doing? The answer: war

Westbound crash on Highway 1 in Langley causing extreme traffic delays

Collision occured just after Glover Road, cars backed up all the way to 264th Street

Police arrest B.C. phone scammer linked to illegal call centres in India

Person arrested in Burnaby here on a work visa, says police

Air Canada forced girl, 12, to remove hijab: civil rights group

The San Francisco Bay Area office of the Council on American-Islamic Relations calling for change

Man from Winnipeg who was hiking alone found dead in Banff National Park

RCMP say the man was hiking alone on Mount Temple Thursday

Takaya, B.C.’s intriguing lone wolf, seen eating seal and howling away on Discovery Island

Fun facts about Takaya the wolf, like his a 36-hour tour around Chatham, Discovery Islands

Most Read

l -->