Trump, Carney Near Deal to Avert 50% Tariffs by Friday
Updated
Updated · The New York Times · Aug 19
Trump, Carney Near Deal to Avert 50% Tariffs by Friday
3 articles · Updated · The New York Times · Aug 19
Summary
Wednesday’s U.S.-Canada talks appeared to pull back from an immediate trade clash, with Trump declaring a “deal” and Mark Carney saying both sides were moving toward an agreement.
A 50% tariff on more Canadian goods had been due at midnight, but the deadline was pushed to midnight Friday, giving negotiators extra time to finalize terms.
Jamieson Greer, the U.S. trade representative, said Washington was confident an agreement would protect U.S. workers and supply chains while strengthening North America’s economy.
The tentative progress eases pressure on Canada’s economy for now, though unresolved questions mean the tariff threat has been delayed rather than fully removed.