Now Reading: Carney Seeks Wider US Tariff Relief Before 50% Levy
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Carney Seeks Wider US Tariff Relief Before 50% Levy
Canada is seeking the removal of all US sector-specific tariffs as it negotiates a trade deal before 19 August, Prime Minister Mark Carney said on Wednesday. US President Donald Trump has threatened…
The Story in Brief
Canada is seeking the removal of all US sector-specific tariffs as it negotiates a trade deal before 19 August, Prime Minister Mark Carney said on Wednesday. US President Donald Trump has threatened a new 50% levy on a fresh basket of Canadian goods unless Ottawa addresses issues including Canadian counter-tariffs on US cars, dairy controls and provincial liquor bans.
Carney said Canada could retaliate if the levy takes effect, but did not specify measures. Canadian and US officials have increased talks in Washington. The Globe and Mail reported that negotiations include a proposal for tariff quotas on Canadian steel and aluminium, allowing some imports to face lower duties.
The Indian Opinion
The easy story is that either Ottawa’s concessions will win a deal or Trump’s tariff threat will force Canada to surrender. Neither is established. Canada has removed most retaliatory duties, yet the US has offered no relief in strategic sectors. Ottawa also says it wants a wider settlement, not a patchwork fix. The practical test is whether negotiators secure lower treatment for steel, aluminium, autos and lumber before 19 August.
Source: livemint.com
This story was synthesised by AI from the source linked above.
