Canada and US say they are finalising a trade deal, but details remain murky
Prime Minister Carney hailed "significant progress" in trade talks as the two countries seek to hammer out final details ahead of a new weekend tariff deadline.
Trade negotiators in Washington have reported that Canada and the US are nearing a final deal, with Prime Minister Mark Carney urging Canadian provinces to reintroduce US alcohol products to their markets. Details of the proposed agreement remain undisclosed, but leaked reports suggest it could encompass Canadian steel, aluminum, and vehicles, alongside US alcohol.
US Trade Representative Jamie Greer expressed satisfaction with the progress, while President Donald Trump reduced tariffs on Canadian goods to facilitate negotiations. Canada has been seeking to eliminate tariffs on steel, aluminum, automobiles, and lumber. The US could potentially lower tariffs on Canadian steel and aluminum from 50% to 25%, and on vehicles from 25% to 15%.
Canada's dairy industry has agreed to maintain its supply management program. Despite the potential benefits, polls indicate that many Canadians prefer a hardline stance.
Written by urgent.news from BBC World's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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