US and Canada try to wrap up trade deal
WASHINGTON - The United States and Canada were headed back to the negotiating table on Friday seeking a deal to end months of trade tensions before punishing new tariffs kick in at midnight.
The United States and Canada were set to resume negotiations on Friday, July 14, 2023, in a bid to resolve months of trade tensions before new tariffs take effect at midnight. President Donald Trump had threatened to impose 50% duties on Canadian products, but later postponed the decision citing progress in talks. Canadian negotiators, including Dominic LeBlanc, had been in Washington to finalize an agreement that reportedly aimed to address various contentious issues.
Both nations claimed a deal was near, but further discussions were planned for Friday morning. Canadian officials expressed optimism, stating they were "very close" to reaching a deal. Canada sought relief from tariffs on automobiles, steel, and aluminum, which had caused economic strain and job losses. Prime Minister Mark Carney had briefed Canadian provincial leaders about the proposed agreement.
The United States was reportedly unhappy about the removal of US alcohol and wine from Canadian liquor stores. Some Canadian provinces, like Nova Scotia, agreed to restock US alcohol, while others, including Quebec and Manitoba, needed more time to review the deal. Ontario Premier Doug Ford, a vocal critic of Trump during the trade war, remained silent.
Despite the strong economic ties, Carney emphasized that Canada needed to diversify its trade relations and reduce its dependence on the United States.
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