Alcohol, autos among key irritants in Canada-U.S. trade talks
Canadian and U.S. officials are meeting daily as Trump’s tariff threat could hit $20 billion in goods and deepen trade tensions.
- On Tuesday, President Donald Trump and Canadian Prime Minister Mark Carney held last-minute talks to avert 50% tariffs on $20 billion of Canadian goods scheduled to take effect at 12:01 a.m. Wednesday.
- Trump invoked Section 338 of the 1930 Tariff Act to justify the levies, aiming to force manufacturing back to the United States amid decades of trade tensions.
- Nearly 72% of Canadian goods exports went to the United States last year, while the 5,525-mile border facilitates $2 billion in daily trade between the two nations.
- Carney described the current talks as "very intense and delicate" while speaking to reporters Monday, as both sides seek a truce to avoid escalating the trade dispute.
- Ryan Majerus, a partner at King & Spalding, said "there's a pretty strong push on both sides to find an off ramp here," suggesting neither side truly wants the tariffs implemented.
102 Articles
102 Articles
Deadline approaches as Trump plans to impose 50% tariffs on $20 billion worth of Canadian products
Relations between the U.S. And Canada could deteriorate further at midnight Wednesday if Trump goes ahead with his plan to impose 50% tariffs on $20 billion worth of Canadian products. The post Deadline approaches as Trump plans to impose 50% tariffs on $20 billion worth of Canadian products appeared first on KYMA.
In the absence of a last-minute agreement between Ottawa and Washington, Canada is about to undergo a new customs duty on its exports unless last-minute agreement between Ottawa
The Latest: Last-minute talks seek to stop US tariffs on Canadian goods
Relations between the U.S. and Canada could deteriorate further if Trump goes ahead with his plan to impose 50% tariffs on $20 billion worth of Canadian products. The two countries are talking as the midnight deadline approaches. The fate of…
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