US, Canada negotiators race to ink a deal as Trump’s tariff deadline looms
Summary
Trade negotiators from the US and Canada have met for the third day to try to finalize a deal before new US tariffs on Canadian goods begin. President Donald Trump has set a Saturday deadline to impose 50% tariffs on about $20 billion of Canadian imports if no agreement is reached.Key Facts
- US and Canadian trade negotiators have been meeting in Washington, DC, for three days.
- President Donald Trump has threatened 50% tariffs on $20 billion worth of Canadian goods starting Saturday.
- The tariffs were paused earlier in the week while negotiations continue.
- The last tariffs were introduced by President Trump in 2025 during his second term, causing Canada to retaliate.
- A possible deal may reduce vehicle tariffs from 25% to 15% and cut steel and aluminum tariffs by half.
- Canadian public opinion is largely against making concessions to the US in these talks.
- Key Canadian provinces have differing views, some wanting tariffs completely removed.
- Canada sends 70% of its exports to the US, making it very sensitive to American trade policies.
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