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Canada Slow-Walks Trade Talks; Starting Up Nuclear-Power Projects By Liz Young | WSJ Logistics Report
Canada seems to be in no hurry to sign a new trade deal with the U.S.
Canadian Prime Minister Mark Carney says he is willing to slow the process even as talks between the U.S. and Mexico advance.
The WSJ's Paul Vieira reports that talks between the two countries over a renewed North American trade pact, known as USMCA,
have hit a stalemate. Carney said there won't be progress until the U.S. dials back tariffs that run up to 50% on key Canadian industrial goods such as steel, aluminum, automobiles and forest products.
The Trump administration for its part wants the Canadian government to address what it calls trade irritants, such as a ban by some Canadian provinces on the sale of American wines and spirits at government-run liquor stores.
Commerce between the U.S. and Canada accounts for about 13% of total U.S. trade, according to the Census Bureau. Carney has sought to reduce Canada's economic reliance on the U.S. since he took office last year.
At the same time, the U.S. is in advanced negotiations with Mexico, with formal talks over the trilateral trade treaty set for late May in Washington.
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America's first commercial nuclear-power projects in a decade just broke ground, a potential spark for a long-dormant segment of the power industry.
A project by TerraPower, which was founded by Bill Gates almost 20 years ago, started construction this week in Wyoming. Kairos Power broke ground last week in Tennessee on a plant that intends to sell power to Google.
The WSJ's Jennifer Hiller writes that for years, nuclear power's would-be revival has been more concept than reality , dominated by designs and climate pledges with little under construction.
The renewed interest comes alongside the biggest jump in electricity demand in a generation, much of it driven by the need to power data centers for artificial intelligence. That has sent the tech industry on the hunt for towering amounts of energy, alongside warehouses and manufacturing plants that have growing energy needs.
Quotable Number of the Day In Other News
U.S. jobless claims rose last week
to 214,000. (WSJ)
Activity is picking up at factories
in the U.S. and parts of Asia and Europe. (WSJ)
The U.S. Navy intercepted the Iranian-flagged oil tanker Dorena, part of a "ghost fleet" evading a U.S. blockade
on Iran's oil trade. (WSJ)
Lockheed Martin is expanding munitions production
as demand surges. (WSJ)
Honeywell agreed to sell
its warehouse and workflow solutions business to private-equity firm American Industrial Partners. (WSJ)
Union Pacific said higher pricing and fuel surcharges
in the first quarter boosted revenue. (WSJ)
Hyundai Motor posted a 24% drop in net profit in the latest quarter . (WSJ)
Nestle's sales fell 5.7% in the first quarter . (WSJ)
Some vessels are paying over $1 million
to win a preferred time-slot to pass through the Panama Canal. (WSJ)
Blank sailings, service cancellations and routing changes due to the Iran war are likely to plague ocean shipping companies
in the coming months. (Journal of Commerce)
Greek bulker firm M/Maritime is venturing into containerships
with an order for two newbuilds placed at HD Hyundai Heavy Industries. (TradeWinds)
Schiphol Airport is offering airlines a temporary discount
on fees in response to rising costs from the Mideast conflict. (Air Cargo News)
Werner Enterprises plans to double its number
of intermodal trailers in Mexico. (Trucking Dive)
Tesla is moving closer to large-scale production
of its battery-electric truck, the Tesla Semi. (Clean Trucking)
Sam's Club is rolling out one-hour home delivery . (USA Today)
About Us
Mark R. Long is editor of WSJ Logistics Report. Reach him at [mark.long@wsj.com].
Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long , Liz Young and Paul Berger .
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
April 24, 2026 07:02 ET (11:02 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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