Karney Negotiates US Tariff Delay
Canadian Prime Minister Mark Carney held urgent talks with U.S. President Donald Trump in an effort to prevent the imposition of new American tariffs on Canada, which were scheduled to take effect by midnight on Tuesday and Wednesday. This comes after Trump signed orders to impose a 50% tariff on Canadian products such as alcoholic beverages, automobiles, and dairy, accusing Canada of engaging in "discriminatory" practices against American goods. Oxford Economics estimates that the damage could affect $20 billion worth of Canadian exports to the United States, with ongoing negotiations for exemptions in the automotive, steel, wood, and aluminum sectors. The talks are considered critical, as the deal is still under negotiation, while a White House official confirms that any official announcement will come directly from Trump.
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