The United States and Canada are actively negotiating to avoid the implementation of 50% tariffs on $20 billion worth of Canadian products, scheduled for 12:01 a.m. Wednesday. Canadian Prime Minister Mark Carney described the negotiations as « very intense and delicate, » declining to comment further in public. Ottawa is seeking relief from tariffs on steel, aluminum, and softwood lumber, while Washington is demanding Canada purchase more U.S. military equipment and provide access to critical minerals. Nearly 72% of Canadian exports went to the United States last year, with $2 billion in goods crossing the shared border daily. Without a deal, Canada could retaliate, escalating an already tense trade dispute.
Source: Read the original article
