CUSMA review finished in Canada, Carney says

Prime Minister Mark Carney said Canada has completed its internal review of the Canada‑U.S.‑Mexico Free Trade Agreement and is ready to meet with the United States and Mexico; U.S. and Mexican reviews are still underway.

Prime Minister Mark Carney said the internal review process for the Canada‑U.S.‑Mexico Free Trade Agreement (CUSMA) is finished in Canada. He described recent conversations with U.S. President Donald Trump as constructive. The formal review process for this year's scheduled CUSMA review began in September 2025. Carney's office had said the federal government would formally start trade discussions with the U.S. in January. What is known: - Prime Minister Mark Carney said Canada's internal review of CUSMA is complete and that he has had constructive exchanges with U.S. President Donald Trump. - Carney noted that reviews and consultations have started in the United States and Mexico, while Canada's internal work is finished. - Canada is ready to sit down with both the United States and Mexico to advance the scheduled review. - The broader review process began in September 2025, and the government announced formal trade discussions with the U.S. would start in January. - Trade Minister Dominic LeBlanc is expected to meet with his U.S. counterparts in mid‑January to advance talks; the U.S. has multiple rounds of tariffs affecting Canadian sectors, and recent comments from the U.S. president about tariffs followed Canada's agreement on canola and electric vehicles with China, which LeBlanc said does not indicate pursuit of a free trade deal with China. Summary: Carney's statement indicates Canada has completed its internal preparations and is positioned to enter trilateral discussions on the CUSMA review. Reviews in the United States and Mexico are continuing, and ministerial talks involving Dominic LeBlanc are scheduled for mid‑January to advance the process.