U.S., Canada near final trade deal as Trump tariff deadline looms

Key Points:

• The U.S. and Canada are continuing trade negotiations with a deadline looming before President Trump's new 50% tariffs on Canadian goods, including hockey sticks and wine, take effect at midnight Saturday.
• Canadian Trade Minister Dominic LeBlanc and chief negotiator Janice Charette are meeting with U.S. Trade Representative Jamieson Greer in Washington to finalize a deal after Trump postponed the tariffs for three days.
• Despite progress, no final agreement has been reached, with key issues including U.S. tariffs on Canadian steel, aluminum, lumber, and autos still unresolved.
• Trump has indicated possible concessions such as lowering U.S. tariffs on Canadian metals and autos, and potentially reviving the Keystone XL pipeline, while Canada reportedly has committed to reducing trade barriers on U.S. goods.
• The tariffs were invoked under a rarely used Great Depression-era law, and Canadian businesses warn that the duties could severely impact sales and economic relations if implemented.