Trump’s Canada tariff threat produces a deal with no public terms
Canada and the United States moved closer Wednesday to finalizing a trade agreement that would avert threatened 50% U.S. tariffs, with a senior Canadian official calling the emerging terms “a very good deal for Canada” while cautioning that negotiations were not complete. President Donald Trump said the agreement was “very fair” to both sides and predicted U.S. […]
Canada and the United States are nearing a trade agreement that would prevent a 50% U.S. tariff threat, according to a senior Canadian official. President Donald Trump claimed the deal is "very fair" and would benefit U.S. farmers and manufacturers, while Canada would gain greater certainty and protection for its dairy sector. The tariffs, which targeted about $20 billion worth of Canadian imports, have been postponed until the stroke of midnight Saturday.
Canada has not disclosed the specifics of the agreement but emphasized it would preserve Canada's favorable access to the U.S. market and allow the country to focus on domestic economic priorities, such as infrastructure and foreign investment. The deal may also pave the way for a broader USMCA negotiation between the U.S., Mexico, and Canada.
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