Trump, Carney hold last-minute talks ahead of new 50% tariffs on Canadian goods
US President Donald Trump and Canadian Prime Minister Mark Carney are negotiating in an effort to reach an agreement on tariffs, with just hours to go before the United States (US) imposes 50% tariffs on hockey sticks, wine and an array of other Canadian imports, CNBC reported on Tuesday.
US President Donald Trump and Canadian Prime Minister Mark Carney engaged in last-minute negotiations on Tuesday regarding the impending 50% tariffs on Canadian goods. The tariffs, set to take effect on Wednesday, would impact a range of Canadian imports including hockey sticks and wine, covering approximately $20 billion worth of products.
Carney emphasized the delicacy of the negotiations, stating, "The negotiations are very intense and delicate." The talks come as the USD/CAD pair rises by 0.20% to 1.3900, while the broader implications of potential tariffs weigh on currency markets.
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