Canada and U.S. resume trade talks
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Canada ais racing to ink a deal with the Trump administration to avoid a fresh wave of U.S. tariffs on its exports, starting on Wednesday.
Canada is seeking a deal to dodge further economic pain at the hands of the Trump administration on midnight Tuesday. But at what cost?
If a deal isn't reached, Canada could face 50% tariffs starting Aug. 19. Arizona imports roughly $2.8 billion in Canadian products each year.
I don’t envision the 232s on steel being wrapped into the 338 discussions,” the person said, referring to Section 338 of the Tariff Act of 1930 — the statute Trump has used to threaten Canada with the new 50 percent tariffs.
U.S. and Canadian trade negotiators were haggling over a potential reduction in President Donald Trump's tariffs on Canadian vehicles to 15% after some value content deductions, two sources familiar with the talks said as a Wednesday deadline loomed for steep new U.
Negotiators are working to avert 50 percent tariffs on Canadian goods by Wednesday to prevent a major trade war.
That comes as Prime Minister Mark Carney said Monday he expects to speak with U.S. President Donald Trump before that day, but was tight-lipped on the state of talks.
Few than one in five respondents to an Abacus Data survey favour offering concessions such as easing dairy restrictions or ending bans on American alcohol You can save this article by registering for free here.