r/neoliberal
Which discussion slop would you like today?
reddit.comThe worst primary in America just ended
An Islamophobic Congress member beat an antisemetic influencer. It may be a sign of the GOP to come.
A Review of the DSA 2026 Platform
Rather than just endlessly moaning about how the DSAs suck, I thought it would be useful to actually take a look at the specific details of the DSA platform as of 2026. Now, as far as I’m aware, not every DSA candidate has endorsed the full scope of this platform, but this is the organization’s stated platform and I think it is fair to take it as representative of their overall policy goals.
To that end, I’ve gone through platform the DSAs have posted on their website and done my best to extract concrete policy points. Being a political platform rather than a policy document, there is a lot of fluff and it is relatively light on details, but that’s not unreasonable given its purpose. However, I’m not here to comment on statements of value, just what I read as the policy recommendations in the platform. It’s not a long document (significantly shorter than the 2024 GOP platform and a small fraction of the 2024 Democratic platform), so I encourage you to read it yourself. It’s split into three main components: “thriving working class communities”, “working class foreign policy”, and “working class democracy”. These loosely correlate to economic and social policy, foreign policy, and political reform, respectively, though with some overlap.
Rather than going through point by point (especially given that the points are my interpretation), I’ve made brief commentary on each section and subsection. The commentary is necessarily my opinion, and it is also colored by my prior views on the DSAs (which are largely negative); I am trying to give the ideas a fair shake, but I'm not going to pretend to be unbiased or like there's no context for interpreting vague proposals. Lastly, I am only commenting on what I see as the merits of platform positions, not their tactical viability.
Link to the DSA platform: https://program.dsausa.org/
>Our program was drafted between the months of April and June 2026 by a committee of DSA members, elected through a process established by DSA’s 2025 National Convention. The program committee included members of DSA’s National Political Committee (NPC), leaders of national committees, and rank and file members, representing the political breadth of our big tent organization.
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THRIVING WORK-CLASS COMMUNITIES (i.e. domestic policy)
- Freedom to Flourish
- Universal Paid Family Leave
- 32 hour work week “with full pay and benefits” (not clear what this means, given the rest of their platform)
- Living minimum wage
- Free college
- Cancel existing student debt
- Healthcare for all
- Zero-cost universal healthcare
- Publicly-run medical facilities (presumably as an addition – no indication of plans to ban private medical facilities)
- Free and “public” (not clear what this means) medical education
- Housing for All
- State-built and owned housing
- "Strictly regulate” investment properties
- Universal rent control
- “Guaranteed right to counsel for all tenants”
- Finish Reconstruction
- Reparations
- Honor all treaties and tribal sovereignty
- Invest in minority communities
- End Mass Incarceration and Police Immunity
- “Demilitarize police departments”
- “Disempower” police unions
- End goal: abolition of police and prisons
- End qualified immunity
- Civilian oversight bodies for police forces
- Feminism for All
- Ban sex discrimination
- Green New Deal
- Federal Jobs Guarantee
- Publicly-owned renewable energy infrastructure
- Publicly-owned transit infrastructure
- Phase out fossil fuels
Freedom to flourish: Universal paid family leave is a fairly reasonable proposal (devil’s in the details, though, and given much of the rest of this platform, I am not brimming with confidence). The rest I am rather unimpressed by. “Living minimum wage” is a vague goal and given the DSA’s concentration in high COL coastal cities, I have a bad feeling that this would manifest as an effort to legislate a local issue at the federal level. Free college without any serious plan to actually manage the cost of tuition is liable to simply create a fiscal cancer (more than it already has).
Healthcare for all: this is sufficiently light on details that it is facially unobjectionable. Again, given the DSA’s historical lack of interest in cost management, I am not encouraged, but there’s no reason why you couldn’t put these points into a reasonable UHC policy.
Housing for All: …bad. The history of publicly built and managed housing in the United States is pretty dismal. Generally expensive and subject to popular opposition, plans to ameliorate housing shortages by focusing on public housing are unlikely to succeed. Regulation of investment properties and universal rent control are wrongheaded slopulism, and taken with the focus on public housing strongly indicate to me that DSAs do not have their hands around the actual drivers of housing costs in the US. Tenants’ counsel is at least intriguing, but I have a strong suspicion it will simply amount to a jobs program for underemployed law-degree holders in the DSAs.
Finish Reconstruction: woke 1 was crazy, huh. I don’t really know how to address these, since these aren’t really substantive points, even if they are specific. Actually honoring treaties with Native Americans would require displacing hundreds of millions of people and functionally entail the dissolution of the United States. I’m going to do them the credit of assuming they don’t mean that.
End Mass Incarceration: this section combines relatively normal criminal justice reform proposals with the rather out-there objectives of police and prison abolition and the meme-tier subject of police demilitarization. I don’t find this segment particularly impressive because it more or less confirms my prior view that DSAs and others in the leftist camp of CJR essentially think that crime is something the bourgeoisie invented to keep the working man down.
Feminism for All: similarly light on substance to ‘Finish Reconstruction’.
Green New Deal: a federal job guarantee is an unbelievable howler that completely overshadows the rest of this section. Job guarantees are one of those things that sound nice if you’re an idiot, but once you start digging into how it would actually work it’s inarguably terrible.
Overall: this section is a pinch of bold-but-credible plans salted over some quite radical and ill-conceived schemes. A common jab against DSAs and others in their orbit is that they’re economically illiterate and don’t think costs are real, and it really hits home here. There’s nothing explicitly degrowthy about the proposals herein, but there’s a basic assumption in these policies that we have more than enough of everything already and it’s just a matter of distributing it properly (which is why, for example, it’s reasonable to cut economic activity by 20% while also creating a bunch of taxpayer-funded fake jobs).
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WORKING CLASS FOREIGN POLICY (I think you can figure this one out)
- End the US War Machine
- “Defund” the Department of War
- End all foreign military deployments and close all overseas military bases
- Join the ICC
- Free Palestine
- Establish a Palestinian state with Jerusalem as its capital
- End all support for Israel
- End blockades, embargoes, and Sanctions
- Lift sanctions and embargoes on Iran, Cuba, and Venezuela
- Abolish ICE
- Abolish ICE
End the US War Machine: whenever someone tries to tell me that DSAs think seriously about foreign policy, I can point to this in response. The desire to hold war criminals accountable is admirable. The desire to completely abandon US security commitments around the world is either mind-bogglingly stupid or utterly contemptible, and given the pro-Iranian position elsewhere, I have a guess as to which.
Free Palestine: the good news is that if you establish a Palestinian state with Jerusalem as its capital, you won’t have to worry about any support for Israel. As is common with western anti-zionists, they sort of elide the implications of these goals, though.
End Embargoes: there is a paradox in a certain kind of leftist’s view on international trade, in which it is both morally repulsive to trade with authoritarian regimes and imperialistic to… not trade with authoritarian regimes.
Abolish ICE: sure, I guess, but this isn’t foreign policy.
Overall: I simply do not think that the DSAs think seriously about foreign policy. I know it’s a glib dismissal, but the extent of their thinking really is “America Bad.” That is the only principle which ties their views together in a coherent fashion and explains their kneejerk defensiveness of reactionary authoritarian regimes.
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WORKING CLASS DEMOCRACY (Political/Economic Reform)
- Democracy for all
- Full voting rights for all permanent residents
- Full voting rights for convicted felons
- DC statehood
- Self-determination for US territories and colonies
- A real democracy
- Ban lobbying
- Ban dark money
- Mandatory public financing for elections
- Abolish the electoral college
- Parliamentary supremacy
- A democratic congress
- Expand the House of Representatives
- Abolish the senate
- Proportional representation in all elections
- Ranked Choice voting in all elections
- Economic Democracy
- Nationalize large corporations and “essential industries”
- “Aggressive” wealth taxes
- Democracy at work
Democracy for all: the specification of “self-determination” for everyone but DC is a bit weird. Overall I’d say this is all fine, but I think voting rights for permanent residents is a bridge too far. Citizenship carries obligations as well as privileges, and to extend the privileges without the obligations is to, paradoxically, turn citizens into second-class citizens.
A Real Democracy: a pretty mixed bag. Election finance reform is a fairly tricky business, and prohibiting unwanted lobbying or campaign spending in way that isn’t massively infringing on free speech (your pernicious lobbying, my democratic advocacy). Wanting to abolish an independent judiciary amounts to an effective proposal to abolish constitutional government, which I cannot help but see as a “we’re never going to lose again” position. Abolishing the electoral college is a perfectly good idea, but when you plan to switch
A Democratic Congress: my main comments here are a) quite a lot of people *like* having territorial representation b) I really don’t know what political dynamics you’d get out of a massively expanded house elected on two year cycles, but I’m not convinced they’d be good. Of course, since you’re switching to a pure PR system, a lot of the volatility would be ironed out that way.
Economic Democracy: the commanding heights are back, baby! Wealth taxes are a footnote compared to the proposal that major corporations and industries should be publicly owned. Given the present difficulties the USG has in doing anything in a cost-effective manner, I think this is a pretty bad idea. Given the DSAs’ politics, it’d be badly run at best, and would quite likely turn into a system for distributing spoils to particularist interest groups.
Democracy at work: there’s no policy here. It’s just saying “we like unions.”
Overall: by far the most reasonable section. Many of the political reform proposals are actually good, if maybe difficult to implement in a satisfactory way. Even the proposal to nationalize major industries is within the historical context, and while we know it doesn’t go great, we also know it’s not the end of the world. However, there are some worrying elements of the reform program. One of my personal critiques of more radical left-wing political thinking is that they purport to like democracy and popular sovereignty, but do not really see other political factions as legitimate participants. The result is a worrying triumphalism in their view of constitutional change, where they assume that once they sweep away the toxic elements of the old system The People will recognize their essential correctness. History has shown us that they’re often quite flexible about what constitutes democracy when it turns out the voting public isn’t as dispositionally leftist as they’re supposed to be.
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All in all, this platform contains a decent number of reasonable or at least defensible proposals, but it also fails to beat the “cake and ice cream” party allegations. Foreign policy is straightforwardly campist nonsense that would have disastrous consequences if taken literally, and the fact that their only specific topics of discussion for foreign policy are leftist dictatorships and the Arab-Israeli conflict is hella sus. Economic policy proposals are radical, but mostly in a way that seems frivolous and aimed at protecting the interests specifically of underemployed college graduates living in major coastal cities. The political reform proposals are mostly decent, though ironically most of them would not benefit the DSAs.
I’m biased, because I already don’t like the DSAs (a bold stance on this forum), but I think this platform is a bad political program on its own merits (it’s also radioactive electorally, but that’s another matter). I don’t think it’s a coincidence that most prominent DSA candidates are not really running on it, but it’s not a strong argument for your organization when your most successful members are quietly disavowing you.
Moderna Share Jumps 100% after Skin Cancer Vaccine
wsj.comExclusive: GOP warns AI companies that data centers are politically radioactive
axios.comYields pull back from multi-year highs after Treasury Department says it will double government debt repurchase size
cnbc.comNYC Health Department releases Congestion Relief Zone air quality study results
The study found that air quality either improved or remained stable across the city in the first year of congestion pricing.
The New York City (NYC) Health Department has unveiled its first evaluation of the Congestion Relief Zone Tolling Program’s impact on neighborhood air quality. The study found that the city’s air quality remained stable or improved slightly in the first year of congestion pricing, continuing a 20-year trend of improving air quality and declining pollution. Further, the study revealed that environmental justice communities alongside major highway corridors identified in the Congestion Relief Zone Tolling Environmental Assessment did not experience increased air pollution attributable to congestion pricing.
“Cleaner air means healthier communities, and New Yorkers deserve to know how major policies affect the air they breathe,” said NYC Health Department Commissioner Dr. Alister Martin. “This report gives us the clearest picture to date of how air quality has changed during the first year of congestion pricing, and we now know that air quality across New York City was not any different because of congestion pricing. By continuing to monitor neighborhood air quality over time, we’re helping to ensure that decisions affecting our city are informed by strong health data.”
The department also notes that the report found that the reduced congestion, improvements in transit systems and investments through the mitigation program—which directs funds toward initiatives in environmental justice communities—demonstrates the benefit of the program.
“With congestion pricing, we’ve seen fewer vehicles entering Manhattan’s central business district and more people choosing to bike, walk and take mass transit,” said New York City Department of Transportation Commissioner Mike Flynn. “Health’s findings, combined with the program’s investment of over $120 million into the city’s air quality and public health initiatives like NYC [Department of Transportation]’s (NYCDOT) Clean Trucks Program, mean that congestion pricing will help communities across the city breathe cleaner.”
To conduct the evaluation, the Health Department says that it expanded its existing New York City Community Air Survey (NYCCAS) monitoring network in partnership with the Metropolitan Transportation Authority (MTA), the NYCDOT and the New York State Department of Transportation.
The analysis examined concentrations of four traffic-related air pollutants, fine particulate matter, nitrogen dioxide, nitric oxide and black carbon, within the Congestion Relief Zone and in environmental justice communities where concerns had been raised about potential traffic changes—areas that include the Major Deegan Expressway, Cross Bronx Expressway, Brooklyn-Queens Expressway, Staten Island Expressway, FDR Drive and Trans-Manhattan Expressway.
Using data starting one full year before tolling began and continuing one year after, researchers were able to distinguish the effects of congestion pricing from other factors that influence air quality, such as weather, seasonal changes and regional wildfire smoke, by using a control site that was not affected by congestion pricing and statistical modeling.
For nearly two decades, the Health Department has used NYCCAS to monitor neighborhood-level air quality to better understand what causes differences between neighborhoods, how pollution changes over time and how it affects health. NYCCAS has found that air quality improved dramatically in all NYC neighborhoods over the past decades, but more work is needed to mitigate traffic-related air pollution, which is linked to asthma, heart disease, stroke and other serious health conditions.
In May, the city announced a $20 million investment from the MTA to improve childhood asthma outcomes in the Bronx. The Health Department says this investment allows it to further support the Bronx Asthma Program and expand the Asthma Case Management Program.
“Before we turned the cameras on, there was concern about the potential for increased pollution caused by drivers looking to avoid the toll,” said MTA Chair and CEO Janno Lieber. “As this study confirms, that didn’t happen, and congestion pricing is already funding additional investments to further improve air quality.”
[Exclusive] Trump Pushes for Kim Jong Un Meeting This Year
wsj.comVenezuela abandons Nicolás Maduro to fate in US jail
Venezuela’s government made no mention of freeing jailed ex-president Nicolás Maduro during nearly two weeks of talks with the opposition this month, in the clearest sign yet that the regime has abandoned him to the US justice system.
Interim president Delcy Rodríguez in January called the US capture and exfiltration of Maduro and his wife Cilia Flores a case of “vile aggression”. Her brother, leader of Venezuela’s parliament, said they “will not rest” until he is released from a Brooklyn jail cell, where he faces drug-trafficking charges.
But Rodríguez’s US-backed government surprised the opposition by not even raising those demands during the five negotiating sessions, which concluded last week, several people present told the FT.
“Maduro and Flores simply do not exist at the negotiating table,” said one opposition figure. “They have erased them from history.”
The US government has backed Rodríguez, Maduro’s vice-president, since its commandos snatched the autocratic leader in a brazen night-time raid on January 3. In return, she has opened up the country’s vast natural resources to overseas investors, giving US companies access to its oil reserves.
The first round of negotiations with the opposition was intended to agree on steps for a new presidential election but yielded few concrete results.
The two sides focused on how to fund the recovery from June’s devastating earthquakes, demanding the repatriation of some $4bn of gold bullion stored in Bank of England vaults. They also agreed to start working to reform the justice system.
After the talks concluded, the government said it had released 131 political prisoners, though rights group Foro Penal said they could only verify that at least 78 had been freed.
But such a fate did not seem to be on the cards for Maduro, whom life-long revolutionary socialist Rodríguez once called Venezuela’s “one and only” president, analysts said.
As far as the government is concerned, “his fate is already sealed”, said Edward Rodríguez, a Venezuelan analyst and consultant. “They’ll let the case run its course while they focus on their only priority: survival.”
Rodríguez was initially forthright in demanding Maduro’s release straight after his capture as she consolidated the support of hardliners in the security services. But she has since replaced top military leaders with her own supporters, while powerful security chief Diosdado Cabello has also abruptly drawn closer to Washington.
Signs and billboards calling for the pair’s release were erected in cities across Venezuela in January; many have since been taken down. Pro-Maduro murals painted before his arrest have been scrubbed over. Just a handful of oversized portraits of the deposed first couple remain in Caracas.
Rodríguez, whose succinct public speeches mark a break with Maduro’s folksy and fiery diatribes, seldom mentions her old boss during public appearances — including in her speech after the talks ended.
But Maduro, the handpicked heir to the revolutionary socialist project of the late president Hugo Chávez, continues to inspire support from hardcore Chavistas, as supporters of the movement are known.
“I disagree with these talks, because Trump cannot be allowed to keep imposing things on us while the agreement does not even mention the president who was kidnapped,” said Ricardo García, a grassroots Chavista who, like many loyalists, believes Maduro was betrayed by members of his inner circle and handed over to US forces.
The negotiations have also been controversial among the opposition, including for sidelining its most popular leader, Nobel laureate María Corina Machado.
The Venezuelan government did not respond to a request for comment.
North Korea's Kim Yo Jong on Trump apparent talks with Kim Jong Un: "I am unaware of it". KCNA
Making sense of the US Treasury Department's action to double bond buybacks
This is the best attempt of a layman in making sense of what the Treasury is doing. As such, this post might contain errors.
A recent announcement by the US Treasury Department stated the treasury department would double the size of bond buyback operations from the current $2 billion per operation to at least $4 billion per operation, effective September 9th this year. What does this mean? Well, the Treasury is buying back bonds from bond investors before maturity is reached. This is funded through the issuance of new bonds to investors, so essentially a refinancing of existing debt.
This doubling of bond buyback operations comes specifically for the US10Y, US20Y, and US30Y. To give a brief visualization of the magnitude of this change, as am example, in April 2026, the total sales of US10Y-US30Y were $74 billion. This number is and probably will be more or less typical across the entirety of 2026, looking at the rest of the chart for past and future bond sales. You can do the math yourself with 4-8 operations of buybacks happening per month, and the increase for buybacks going from $2 billion to $4 billion.
The mechanics of the buyback are also worth looking at: While the treasury has doubled its buyback program for long-term yields, it has NOT changed the composition of the bonds/notes they are selling. Meaning there is effectively a maturity swap from long-term yields to short-term ones. So less US10Y-US30Y supply, and more short-term supply. This has the effect of bringing the yields on long-term debt and short-term debt closer due to changes in supply, and also since typically long-term yields are higher than short-term ones. We can see this in action due to immediate changes in bond yields from the Treasury's announcement according to reporting by CNBC.
By converging yields between long-term yields and short-term yields, this also brings down real interest rates. Since long-term yields better reflect inflation-adjusted returns over time (because, y'know, they are longer-term, which is something investors look at) they are better used as a reference for real interest rates. Hence why long-term yields determine things like mortgages, automobile loans, loans for asset investments, etc. So doubling the size of buyback operations helps juice the economy.
Why might the Treasury be doing this? This might be a genuine play at reducing the burden of interest payments on the US government here. If the bet is that yields will eventually come down due to a number of factors (such as the Iran war ending or corporations cutting back AI spending, leaving more money for bond investment) then the swap from long-term yields to short-term yields makes sense because you could then refinance these short-term yields with long-term yields in the future that carry greater demand, thus lowering interest payments for the government relative to a baseline scenario with no changes.
(A side note, the reason why the Treasury might not want to keep all debt in short-term yields despite their yields being lower is because debt is rolled over more quickly, meaning if yields increase, debt payments will also increase more quickly. Hence why there are different time lengths for yields.)
If you're cynical, however, you might conclude that the Treasury, and by extension, Scott Bessent, have more nefarious motivations. And to be fair, there are reasons to be suspicious: The doubling of buybacks runs from September 9 to November 4, after which the "Treasury will provide more information about future buyback sizes at the next Quarterly Refunding, scheduled for November 4, 2026." and "An updated tentative Treasury buyback schedule will be released at a later date." So conveniently, the Treasury is dampening real interest rates right up until the midterm elections. Curious.
Edit: Don't know why this is restricted, but I initially put it to User Discussion...
Trump tried to curb clean energy. It’s booming anyway
Capacity will rise by a record 45GW this year, according to S&P Global Energy
Donald Trump is presiding over an unexpected clean energy boom, as rising electricity demand spurs investment in new capacity despite the US administration’s efforts to thwart a solar and wind rollout.
Clean energy additions will rise by a record 45 gigawatts this year, according to S&P Global Energy — equivalent to the average electricity demand of Turkey. The increase is roughly 25 per cent higher than the previous record set in 2024.
The US president’s war in Iran, which has driven up global energy prices, along with surging power demand from AI data centres and developers’ rush to capitalise on expiring tax credits, are driving the cleantech boom, said analysts. Trump’s administration has also been pragmatic in the face of its energy needs.
“There was a campaign promise to go against renewables, but at the same time they’re realising that you can’t do without it,” said Izzet Bensusan, chief executive of Captona, an energy infrastructure investment group. “I don’t see a world where power demand is flattening out.”
S&P said new solar and wind capacity will jump in 2026 by nearly a third and almost 50 per cent respectively. Solar will set another record in 2027, while wind falls back before recovering.
White House spokesperson Taylor Rogers, however, touted “record-high oil and gas production” under Trump.
“The president has delivered on his promise to unleash American energy,” Rogers said. “At the same time, the administration has ended subsidies for costly and unreliable energy sources that American taxpayers were unfairly forced to fund.”
The solar and wind additions come despite Trump’s early efforts to kill an energy transition pushed by his predecessor Joe Biden.
The Trump administration broke up Esmeralda 7 in Nevada. It would have been the largest single solar project in the US.
The president’s One Big Beautiful Bill Act also slashed tax credits for solar and wind, and his administration has interfered with routine project approvals, including for more than 150 onshore wind projects. But under the terms of the OBBBA, solar and wind developers had until July 4 to begin work on projects and until 2030 to finish them.
The deadline “prompted developers to hurry and begin construction”, said S&P Global renewables analyst John Murray.
Expectations for sharply higher electricity demand are also driving the pace of the rollout.
US power consumption is expected to grow 39 per cent by 2035, according to consultancy ICF, driven by energy-hungry data centres and the electrification of household appliances and transport. The surge comes after demand remained steady for more than a decade.
Solar and wind are among the quickest, cheapest forms of energy to add to the grid. According to RMI, a think-tank, new solar and wind sites have a lead time of less than two years, compared to at least three years to develop gas projects.
Producers can break even by selling solar and wind power for as little as $38 and $37 per megawatt hour respectively, compared to at least $48 per megawatt hour for gas, according to investment bank Lazard. However, these figures do not fully account for system upgrade costs and batteries to smooth out intermittency.
Renewable power developers also stand to profit, as electricity prices are expected to rise 40 to 120 per cent once Biden’s Inflation Reduction Act subsidies expire.
“Candidly, it’s a good time to be a developer,” said Ethan Zindler, head of country and policy research at BloombergNEF. “Data centres need power and they need it basically yesterday.”
Extreme weather and Trump’s Iran war have also contributed to the growth.
Consumer investment in residential solar panels, batteries and zero-emission vehicles led clean energy spending in the second quarter of 2026, increasing 45 per cent from the previous quarter and 21 per cent from the same period in 2025, according to researcher Rhodium Group.
“People in Florida are installing a lot of home batteries to ensure their house still has power in a hurricane,” said Hannah Hess, a director with Rhodium’s energy and climate practice. “And with the Iran war driving higher fuel prices, we’re seeing more EV and hybrid [vehicle] purchasing.”
US courts have slowed Trump’s war on green energy. A district court judge in Oregon recently ordered the Pentagon to cease blocking onshore wind development. The courts have blocked all five of the administration’s attempts to halt construction at wind projects off the US’s east coast.
Developers are having some success lobbying the administration directly, leaning on people with ties to the administration to advocate for individual projects, people familiar told the FT. Among the arguments is that the projects will not displace fossil fuels — Trump’s preferred source of energy.
“What we found on the permit side is that the administration is pretty pragmatic,” said Cliff Graham, chief executive at clean energy company Avantus. “There’s a lot of land between Reno, Tucson and Barstow, where there’s no better use than solar-plus-storage.”
Woman told House Ethics Committee that Rep. Jimmy Gomez sexually assaulted her, attorneys say
cbsnews.comKorea moves to block Polymarket over illegal gambling
koreatimes.co.krCanada, U.S. both say they made gains in new trade deal that averted tariffs
U.S. President Donald Trump's trade czar stood with Canada-U.S. Minister Dominic LeBlanc in Washington on Wednesday and touted a draft deal which appears to have averted a new round of punishing tariffs on Canada.
United States Trade Representative Jamieson Greer said he feels confident that the agreement will protect American workers and jobs while strengthening the North American market, making the continent a manufacturing and energy powerhouse.
"We certainly, I think, have eliminated some of the irritants that we've had over the past year," he said, "We also are taking a strong foot forward."
Prime Minister Mark Carney said in a statement that the new deal reinforces and builds on Canada's existing trade advantages with the U.S. He was set to brief his cabinet and Canada's premiers Wednesday afternoon.
LeBlanc and Greer had their latest meeting the morning after Trump announced a three-day pause on 50 per cent tariffs that were set to slam an array of Canadian goods just after midnight Wednesday.
LeBlanc did not provide many details about the specifics of the draft agreement he had hammered out with Greer during weeks of heightened negotiations. He did say Canada's dairy supply managed system would remain intact.
LeBlanc's spokesperson said Wednesday he was returning to Ottawa to meet with Carney and hold other meetings to put finishing touches on Canada's side of the trade negotiations.
Greer said he also will brief Congress and American stakeholders on what the two sides have been talking about.
Earlier Wednesday, Trump called the deal "very fair" and made claims about what was in the agreement, including that tariffs on U.S. farmers would be "totally eviscerated -- down to zero."
When asked whether the U.S would lower tariffs on Canadian automobiles, Trump said "we're doing certain things," adding Canada was paying high tariffs on certain industries.
"We've got to give something," Trump told reporters outside the White House.
The postponed round of tariffs would have hit $28 billion of Canadian goods, ranging from hockey sticks and ice skates to honey and some dairy products.
Unlike many of the previous tariffs Trump has imposed on Canada since his return to office in January 2025, the latest duties would not exempt any goods covered under the Canada-U.S.-Mexico Agreement, or CUSMA.
The Trump administration said the duties were in response to Canada's dairy supply management system, as well as tariff-free auto quotas and provincial bans on American alcohol enacted in response to the president's earlier tariffs.
A proclamation on the delay from The White House said Canada agreed to work toward resolving these trade irritants.
The new tariff deadline if the documents aren't finalized is 12:01 a.m. ET Saturday.
Members of the prime minister's advisory council on Canada-U.S. relations, who were briefed about the deal Tuesday night, welcomed the tariff pause but said uncertainty continues to harm Canadian businesses.
Dan Darby, Canadian Manufacturers and Exporters Association CEO, said the manufacturing sector still needs to see movement on the steel and aluminum tariffs.
Lana Payne, Unifor national president and fellow Canada-U.S. council member, said the "devil is going to be in the details" of the agreement.
"Hopefully everything is much better, but as I said, we will have to see what the details are," Payne said.
Conservative Leader Pierre Poilievre said his party was relieved to hear there was a "new and excellent deal" in the works but repeated his claim that any agreement must include zero tariffs on steel, aluminum, autos and lumber as well as an exemption to the "Buy America" policies.
"We hope that over the next couple of days we'll hear the good news that Mr. Carney will have kept his promise and Canadians will get (an) even better deal than we had before," he said at a press conference in Charlottetown.
The deal could come together by Trump's latest deadline, said William Pellerin, a partner in international trade at McMillan LLP in Ottawa.
Unlike CUSMA negotiations, Pellerin said this would amount to adjustments to tariffs on the margins -- those rates and retaliatory measures can be adjusted with letters, executive orders in the U.S. or an order-in-council on the Canadian side.
But Pellerin also cautioned that there's very little Canada can do at this stage to hold the United States to its word. He noted Trump has gone back on tariff deals struck with other countries.
"We have to understand that any deal that we strike could get overturned and that we're buying temporary relief," Pellerin said.