Trump, Carney hold last-minute talks ahead of new Canada tariffs
WASHINGTON: Canada’s Prime Minister Mark Carney held urgent talks with US President Donald Trump on Tuesday, hours before fresh US tariffs on Canadian goods were set to come into force.
On Tuesday, Canada's Prime Minister Mark Carney engaged in last-minute talks with US President Donald Trump, hours before the imposition of new US tariffs on Canadian goods. The tariffs, set to take effect at midnight, would cover products such as wine, hockey sticks, and cement. These 50% duties were imposed last month by the White House, citing Canada's perceived discriminatory treatment against US alcohol, automobile, and dairy products.
The tariffs target around 5.5% of Canada's exports to the United States, valued at approximately US$20 billion, according to Oxford Economics. Canadian negotiators have been in Washington to seek a deal to avoid the tariffs and secure relief on targeted sector-specific duties that have negatively impacted Canada's auto, steel, lumber, and aluminium industries.
While a deal is considered far from certain, if negotiations were to reach an agreement, it might still face rejection by Trump due to other political concerns, such as Canada's increasing economic ties with European countries or China. Oxford Economics predicts that manufacturers in sectors like cement, paper, printing, wood, clothing, and electronics equipment would be the most affected.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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