Canada seeks swift US trade deal
Canada and the United States are approaching an agreement to ease tariffs on vehicles, steel, and aluminum before the deadline set by U.S. President Trump early next week. The deal is expected to include a reduction of tariffs on vehicles manufactured in Canada to 15%, and halving the steel and aluminum tariffs to 25%. The two sides aim to end the standstill in trade relations and avoid imposing 50% tariffs on goods valued at $20 billion, while paving the way for broader negotiations on the US-Canada-Mexico trade agreement.
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