US poised to cut tariffs on Canadian metals and autos in tentative trade deal
The agreement would lower steel and aluminum tariffs by roughly half and cut auto duties to 15%, according to sources familiar with the deal.
What to know
- The tentative US-Canada trade deal would cut steel and aluminum tariffs by roughly 50% and reduce auto tariffs to 15%, representing significant concessions on both sides.
- The agreement specifically targets tariffs on non-US content in Canadian auto exports, addressing a key point of contention in trade negotiations.
- The deal aims to avert further tariff escalation and resolve trade tensions between the two countries.
US government Trade negotiatorCanadian government Trade negotiator
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- Aug 20
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🟠 UPDATE US and Canada Trade Negotiations for August 22 Deadline The potential trade agreement includes a specific 10% reduction in tariffs applied to Canadian-built cars, offering relief to Canada's auto industry. 📰 https:// finance.yahoo.com/economy/poli cy/articles/trump-administration-might-cut-canadian-180015036.html # USA # Diplomacy #…
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U.S. and Canada closing in on trade deal that could cut auto and metal tariffs The U.S. and Canada are closing in on a trade deal in which Washington could cut some contentious… # Canada # breakingnews # china # EnglishDaily # finance # FreeNewspaper # Headlines # HongKongMedia # HongKongNews # HongKongNewsMedia # LatestNews # SingTao # Sports #…
- Aug 19
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🟠 UPDATE US and Canada Near Trade Deal to Avert Tariffs The trade deal specifically includes tariff cuts on Canadian metals and autos. 📰 https://www. msn.com/en-in/news/other/us-se t-to-cut-tariffs-on-canada-metals-autos-in-trade-deal/ar-AA2awJOu # USA # Diplomacy # Geopolitics # GeoWire
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U.S. Eyes Lower Tariffs on Metals and Autos in Canada Trade Deal https://www. wsj.com/economy/trade/u-s-eyes -lower-tariffs-on-metals-and-autos-in-canada-trade-deal-e14dc655?mod=Flipboard&utm_source=flipboard&utm_medium=activitypub Posted into Latest From the WSJ @ latest-from-the-wsj-WSJ