Canada talks roll on
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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?
Negotiators are working to avert 50 percent tariffs on Canadian goods by Wednesday to prevent a major trade war.
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.
There has been some progress, but talks are expected to go right down to the final hours. Should Mr Trump carry out his threat, it will add to Canada’s woes: existing tariffs of up to 50% have already battered its automotive,
Pete Hoekstra's issues in Canada, which led tens of thousands of Canadians to sign a petition calling for his ouster, are relatively mild when compared to some of the scandals other U.S. ambassadors have provoked in allies countries.
Canada's inflation rate increased to 3% in July as ongoing Middle East conflict pushed gasoline prices higher, while core inflation measures stayed below the central bank's target.
President Trump’s belligerent approach to dealing with Canada marks an extraordinary departure from the traditionally cooperative relationship between the two countries.