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America and Canada near trade duty agreement
The United States and Canada are approaching an agreement to prevent the imposition of new tariffs that former U.S. President Donald Trump had imposed on Canadian goods, such as hockey sticks and wine. The goal of the agreement is to avoid the implementation of retaliatory tariffs amounting to 50% on imports worth approximately $20 billion, which is scheduled to take effect on Saturday morning if no final understanding is reached. Canadian and American officials have confirmed progress in the negotiations, with ongoing discussions on the disputed points, particularly the impact of tariffs on metals and trade in strategic sectors. There is hope of closing the deal before the deadline to prevent potential harm to the markets and Canadian-American businesses.
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