Trump is weighing whether to grant Canada a tariff reprieve
A deal to avoid 50 percent duties on some Canadian goods is on Trump's desk, as Ottawa and Washington work towards a broader trade agreement.
President Donald Trump is considering whether to grant Canada a reprieve from new tariffs that are set to take effect on August 19, according to three sources familiar with the ongoing negotiations. The deal between the U.S. and Canada aims to prevent the imposition of 50 percent duties on Canadian goods, which could hurt the broader $1 trillion trade between the two nations.
Canadian Prime Minister Mark Carney faces pressure from U.S. officials who insist Canada must drop longstanding trade protections. The negotiations have been intense, with both sides seeking concessions on auto tariffs, dairy, and liquor imports. Failure to reach an agreement could result in economic pain for both countries, particularly ahead of the midterm elections.
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