US and Canada say they are close to final trade deal
The United States and Canada signalled on Wednesday that they were close to finalising a comprehensive trade deal, after US President Donald Trump paused implementing a new round of crippling tariffs. "We've come to a deal with Canada," Trump said on Wednesday, adding that it's "subject to finalisation of documents." He later added: "We may bring some of the tariffs down to a level where other…
The United States and Canada are reportedly close to finalising a comprehensive trade deal, according to President Donald Trump and Canadian Prime Minister Mark Carney. Trump paused the implementation of new tariffs on Canadian goods, citing the progress in negotiations. He stated that the new deal may involve lowering some tariffs to align with other countries, as Canada was previously paying higher tariffs.
Canadian officials, however, expressed caution, stating that they are "now moving towards an agreement." The tentative pact would halve US tariffs on certain Canadian steel and aluminium exports, though details remain unconfirmed. The deal aims to alleviate the economic impact of Trump's tariffs on autos, steel, aluminium, and forest products, which have hurt Canada's economy. Both leaders praised each other's negotiators for making "significant progress" in the talks.
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