Home · Business · Aug 8 archive
Canada floats concessions for interim U.S. deal ahead of Aug. 19 tariff clock
Developing
Mr. Trump signed an executive order which, if it comes into effect as planned on Aug. 19, will cover a vast array of Canadian exports, including alcohol.
Canada is pressing Washington to drop plans for tariffs on $20 billion worth of Canadian exports and reduce current tariffs of up to 50 percent on Canadian steel, aluminum and autos, the two people said. Instead, the Canadians have told their American counterparts that the boycott by eight of Canada’s 10 provinces will only end if Mr. Carney can present those governments with a satisfactory trade deal, the two people said. After months of little contact, the two sides have been actively engaged over the last two weeks and are treating Aug. 19 as a serious deadline, the people familiar with the talks said. The Canadian package includes measures to ensure the supply of critical minerals from Canada to the United States, as well as cooperation on energy and defense, one of the people briefed said. “As detailed trade discussions between our two countries are ongoing, we will not comment on specifics,” Gabriel Brunet, Mr. LeBlanc’s spokesman, said in a statement.
Ottawa discussing trade concessions with U.S. in return for some tariff relief, sources say - The Globe and Mail <path fill-rule="evenodd" clip-rule="evenodd" d="M463.518 283.86c-63.099 0-90.708 50.796-90.708 108.849 0 69.676 37.417 103.975 90.708 103.975 63.156 0 91.105-50.797 91.105-108.793 0-65.367-34.186-103.975-91.105-103.975v-.056Zm0 198.537c-19.502 0-43.937-16.157-43.937-92.465 0-69.619 17.915-91.786 43.937-91.786 17.631 0 44.277 10.942 44.277 92.409 0 73.247-21.77 91.842-44.277 91.842ZM345.995 461.421c-5.216 15.477-11.055 20.636-22.961 20.636h-30.33c1.247-1.814 1.247-22.224 1.247-183.911h22.904v-10.998h-85.719v10.998h21.146v183.911h-22.053v10.998h135.722l4.592-65.706c-4.592-.567-8.22
Canada has offered the Trump administration a package of trade proposals in hopes of preventing 50 percent tariffs that the United States plans to impose in less than two weeks, according to two people familiar with Canada’s stance in the talks with Washington. The government of Prime Minister Mark Carney is offering specific concessions, including repealing a tariff on U.S.-made autos introduced in retaliation for a similar U.S. measure , according to the two people who were briefed on the negotiations. The Canadian government hopes to significantly lower current tariffs and has stressed that it will not agree to a piecemeal arrangement, according to the two people who asked not to be named
What's confirmed
- Canada is pressing Washington to drop plans for tariffs on $20 billion worth of Canadian exports and reduce current tariffs of up to 50 percent on Canadian steel, aluminum and autos, the two people said.
What's still developing
- Further court action and how much of the order can take effect remain open.
Sources
- The Globe and Mail — Concession-for-232 interim swap detail; LeBlanc–Charette–Greer; provincial alcohol hinge link
- Reuters — Aug. 7–8 wire on concession package and Aug. 19 threat; auto/dairy/alcohol for steel-aluminum relief link
- Livdose — Aug. 8: Canada offers auto counter-tariff repeal; Carney rejects piecemeal/targeted deal link