Trump, Carney Hold Last-Minute Talks to Avert 50% Tariffs on $20 Billion in Canadian Goods
Updated
Updated · Fox News · Aug 19
Trump, Carney Hold Last-Minute Talks to Avert 50% Tariffs on $20 Billion in Canadian Goods
3 articles · Updated · Fox News · Aug 19
Summary
Trump and Canadian Prime Minister Mark Carney spoke Tuesday before a midnight deadline as both sides tried to stop new 50% U.S. tariffs from hitting Canadian spirits and other imports.
$20 billion in Canadian goods are covered, including liquor, dairy products, vehicles and hockey equipment, with bars, restaurants and liquor stores bracing for higher costs on Canadian whisky and other drinks.
U.S. spirits exports to Canada have already fallen 73% after some Canadian provinces pulled American bottles from shelves in retaliation for earlier U.S. tariffs, dropping March-December shipments to $60 million from $203 million a year earlier.
The Distilled Spirits Council said the tariff threat may pressure Canada to restore U.S. products to shelves, but warned an actual 50% levy would also damage Canadian producers and the U.S. hospitality industry.
Canada was once a roughly $250 million annual market for U.S. distillers, underscoring how the dispute has spread from border trade talks into a broader fight over consumer goods and restaurant supply chains.