Canada and US restart duty talks

Canada and the United States have reached an agreement during their trade negotiations after U.S. President Donald Trump temporarily suspended plans to impose a 50% tariff on certain Canadian goods, which would have come into effect if no deal had been reached before the deadline. Currently, the negotiations focus on reducing tariffs on imported cars and spare parts from Canada, with Canada seeking to lower them to 10% compared to the American offer of 15%. The talks also include Canadian demands to eliminate preferential treatment on certain products, expectations of future negotiations regarding the Keyston XL pipeline project, as well as issues related to digital trade and market access facilitation. These steps are considered important to ensure the continuity of trade between the two countries amid tight schedules and challenges in addressing unresolved issues.

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