Negotiators fear U.S. tariffs will be imposed, as provinces and Washington dig in on demands
Negotiators are trying to avert new 50% U.S. tariffs on about US$20 billion in Canadian goods and ease sectoral duties on steel, aluminum and autos.
- On Wednesday, the U.S. government will impose a 50% tariff on US$20 billion of Canadian goods, utilizing Section 338 of the Tariff Act of 1930 to enforce the measure.
- Relying on an obscure legal tool dating back to the Great Depression, the administration's plan announced last month prioritizes trade enforcement over traditional diplomatic channels.
- Bradley Saunders, a North America economist with Capital Economics, warned the tariffs risk stalling CUSMA talks by reigniting a "tit-for-tat trade war," dampening business confidence.
- Canada's near-term gross domestic product is likely to suffer as a result of the impending duties, though Saunders suggests a recession remains unlikely.
- Securing a last-minute trade deal would likely force Ottawa to surrender significant bargaining leverage, leaving Canada in a difficult position for future CUSMA negotiations.
65 Articles
65 Articles
The tycoon had dusted a law of the Great Depression and threatened the neighboring country with tariffs of 50%
At midnight, Canada is threatening new tariffs from the US. Talks between the two countries have reached a "intensive and delicate phase," says Canada.
The Toronto Star
Canada considering reduced tariffs on autos, metals to make U.S. trade deal: sources
Canadian negotiators are weighing whether to accept lower tariffs on autos and metals as part of an interim deal aimed at halting a new wave of U.S. trade penalties, according
US-Canada trade talks hit deadline, Meta goes on trial, Japan continues military development
Final countdown for Canada to avoid 50% tariffs from the US Washington and Ottawa are down to the wire with last-minute talks to reach an agreement by 12:01 a.m. Wednesday, when President Donald Trump has threatened to impose 50% tariffs on over $20 billion of Canadian goods. The proposed tariffs would hit Canadian exports to the US — everything from hockey sticks to paper — in retaliation for Canadian tariffs on US automobiles and bans by most …
Reforma
eldiariodechihuahua.mxThe U.S. and Canada are negotiating to reach a tariff truce by 12:01 p.m. on Donald Trump's Thursday.
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