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Negotiators say Canada tariff deal is 'very close,' with concessions on the table from autos to liquor
Yahoo Finance • • nation
Key Points:
- US-Canada trade talks are nearing a deal with progress reported on tariffs across sectors including automobiles, metals, and farm goods, though discussions continue ahead of a midnight deadline.
- President Trump expressed optimism about the agreement, highlighting increased US market access and potential tariff relief, while Canadian officials remain cautious and are still finalizing details.
- Key unresolved issues include auto tariffs, which may be reduced from 25% to 15%, and steel and aluminum tariffs, with possible exemptions under the USMCA trade pact, though some US industry groups oppose concessions.
- Canadian provincial leaders show mixed reactions, with some resisting lifting boycotts on US liquor imports despite federal efforts to ease tensions.
- The deal is expected to address Canadian digital services taxes and include the restart of the Keystone XL pipeline, a move supported by Trump but controversial in Canada.
