Urgent.News

One page, thousands of outlets. See who else covered it.

Editions

Business

US, Canada hold last-minute talks to stop 50% U.S. tariffs

Tension between Washington and Ottawa is already high, stoked by trade disputes and President Donald Trump's inflammatory comments about making Canada the 51st U.S. state

US, Canada hold last-minute talks to stop 50% U.S. tariffs

The United States and Canada are engaged in last-minute negotiations to avert a potential 50% tariff increase on $20 billion worth of Canadian goods. Tensions between the neighboring nations have risen due to trade disputes, with President Donald Trump proposing the tariffs in an effort to boost American manufacturing. Canada's Prime Minister Mark Carney stated that intense and delicate negotiations are underway, but he declined to discuss the matter publicly.

The U.S. aims to gain concessions from Canada, such as increased purchases of U.S. military equipment and access to critical minerals. Meanwhile, Canada seeks relief from U.S. tariffs on steel, aluminum, and softwood lumber. Despite President Trump's historically poor relations with Canada, there is a strong push on both sides to avoid the new tariffs, as they could negatively impact American voters facing high living costs.

Written by urgent.news from ABC News (US)'s reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at abcnews.com →

More in Business

CJ CheilJedang's Bibigo Draws Over 10,000 Visitors at KCON LA 2026

CJ CheilJedang said on Aug. 18 that its global K-food brand Bibigo attracted more than 10,000 visitors to its experiential booth at KCON LA 2026, held at the Los Angeles Convention Center from Aug.

  • Bibigo drew over 10,000 visitors at KCON LA 2026 booth.
  • Interactive games and tastings showcased four Korean flavor profiles.
  • K-pop elements and global ambassador ALPHA DRIVE ONE enhanced brand presence.

U.S. Auto Rules Could Boost Korean Cars’ Edge

Concerns are rising that U.S. automakers could face heavier cost burdens as the Donald Trump administration pushes to tighten rules of origin to protect the domestic auto industry.

  • U.S. administration aims to tighten rules of origin for imported vehicles.
  • South Korean automakers could benefit from lower tariff and relaxed content requirements.
  • U.S. automakers estimate $2 billion increase in costs if rules change.

More from Tuesday 18 August →