US, Canada hold last-minute talks to stop 50% U.S. tariffs on $20 billion worth of Canadian goods
Summary
The United States and Canada held urgent talks to prevent the U.S. from imposing a 50% tariff on $20 billion worth of Canadian goods. The talks come as President Donald Trump considers tariffs aimed at bringing manufacturing back to the U.S., but both countries want to avoid hurting their long-standing trade relationship.Key Facts
- The U.S. planned to impose a 50% tariff on $20 billion of Canadian products.
- Canadian exports to the U.S. make up nearly 72% of Canada’s total exports.
- The tariff would affect many Canadian goods, including hockey sticks and tongue depressors.
- President Donald Trump has previously imposed tariffs and made strong comments about Canada.
- The U.S.-Canada border is usually open and sees $2 billion worth of goods crossing daily.
- Americans and Canadians have a long history of cooperation and trade.
- Canadian Prime Minister Mark Carney called the negotiations intense and sensitive.
- The U.S. may want Canada to buy more U.S. military equipment as part of a trade deal.
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