Trump lifts some Canada tariffs ahead of midterms
Friday's action will apply to tariffs on certain goods, such as 'plywood sheets, some paper products, certain machinery and refrigeration equipment,' the White House said, but imposes levies on new ones, including carpets, certain valves and waste products. The new measures will take effect on October 30.
Canada and the European Union are making progress in negotiating a digital trade agreement, which would facilitate cross-border business activities, according to International Trade Minister Maninder Sidhu. The pair are set to meet in Montreal next week for the Canada-EU Summit. The negotiations center on easing restrictions on e-signatures, e-contracts, paperless trade, secure data transfers, and duties on electronic transactions and e-commerce.
Canadian exports of digital services to the EU reached nearly $15 billion in 2024, presenting an opportunity for further growth. Prime Minister Mark Carney has been focusing on strengthening ties with Europe, and European Commission President Ursula von der Leyen has hinted that Canada might become an associate member of the EU. The next steps in this deeper partnership are anticipated to be announced during the summit.
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- Trump eases Canada tariffs ahead of US midterms dw.com
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