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Showing stories tagged #canada-us trade — clear filter
🌰 Fresh stash
Canada's counter-tariffs on US imports took effect at 12:01am Tuesday, covering C$27.6bn (about $20bn) in American products. Duties ranging from 15% to 50% target steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics.
🐿️ By targeting industries most hurt by US tariffs, Ottawa is aiming to maximize political pressure on Trump-administration swing states while minimizing broad economic disruption.
Canadian Prime Minister Mark Carney announced significant progress in trade talks with the US, as both sides finalize details ahead of a weekend tariff deadline. The Canadian dollar strengthened on the prospect of a deal, and President Trump paused tariffs on Canada.
🐿️ This deal could save Canadian exporters billions in tariffs, but the murky details mean we're not out of the woods yet.
