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U.S. Trade Rep Greer blames Canada for failed tariff talks: ‘They wanted more’
The U.S. said it offered tariff cuts on steel, aluminum and autos before talks broke down over Canada’s demands for more exemptions.
- On Friday, U.S.-Canada trade negotiations collapsed after Canada rejected a U.S. proposal to reduce tariffs on steel, aluminum, and autos, U.S. Trade Representative Jamieson Greer confirmed.
- Canada walked away because the United States demanded concessions affecting cultural protections and French language maintenance, Prime Minister Mark Carney said, citing unacceptable U.S. demands regarding non-U.S. trading partners.
- Proposed U.S. concessions included eliminating the 10% lumber tariff and reducing steel and aluminum tariffs to 25%, while the United States pledged to suspend 50% tariffs on 5% of Canadian exports that took effect Saturday.
- In a Saturday briefing, Carney slammed the proposal as a "bad deal," stating, "we cannot accept what they offered and we will not give what they asked," as Canada rejected the terms.
- President Donald Trump's July threat to impose 50% duties on about $20 billion of Canadian exports set a contentious tone, leaving exporters facing significant uncertainty regarding the measures that took effect Saturday.
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Steel Dynamics, Nucor surge on S&P leaderboard as U.S.-Canada trade fight escalates (STLD:NASDAQ)
Steel Dynamics and Nucor among top gainers on the S&P 500 leaderboard in early trading Monday as investors digest the implications of the collapse in trade talks between the US and Canada.
·Ra'anana, Israel
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The US is bursting a trade deal with Canada. New tariffs are threatening, the Canadians do not want to be intimidated. There, the anger on the once closest ally has long been creeping up there.
·Berlin, Germany
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Coverage Details
Total News Sources12
Leaning Left7Leaning Right1Center1Last UpdatedBias Distribution78% Left
Bias Distribution
- 78% of the sources lean Left
78% Left
L 78%
11%
11%
Factuality
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