US, Canada agree temporary plan to spare some goods from tariffs
Sources said the US and Canada have agreed a temporary plan to spare some Canadian goods from proposed 50% tariffs and submitted it to President Trump for approval.
Sources said the US and Canada have agreed a temporary plan to spare some Canadian goods from proposed 50% tariffs and have submitted it to President Trump for approval.
Trump will decide whether tariffs scheduled to take effect at midnight local time on Aug.
19 are implemented.
Negotiators held intensive talks; the US is seeking removal of Canadian retaliatory measures on autos and alcohol and changes to dairy supply management, while Canada wants lower US tariffs on autos and other goods.
Officials hope a limited deal could pave the way for broader USMCA talks, but auto tariffs remain the core dispute.
If imposed, the measures would affect only part of bilateral trade but could jeopardize negotiations covering nearly $1tn in US—Canada goods and services.
Canadian Prime Minister Carney faces domestic political risk from concessions; US tariff action could add pre-midterm economic pressure in swing states such as Maine and Michigan.