- Canadian and U.S. officials are working on a potential trade deal to pitch to President Donald Trump next week, CBC News reported on Tuesday, citing sources who were not authorized to speak on the record.
- Trade Minister Dominic LeBlanc and his American counterpart are aiming to present the deal as early as Monday, CBC News has learned.
- The hope is that the joint proposal can be presented to Trump at least a day before the president's latest tariff deadline.
- New 50 per cent levies on hundreds of Canadian imports are scheduled to take effect on Aug. 19, which would give Trump the space to make a final decision.
Canadian and U.S. officials are in discussions to finalize a trade deal intended for presentation to President Donald Trump next week, as reported by CBC News.1
The proposed timeline aims to deliver the joint proposal before the August 19 deadline, when 50% tariffs on numerous Canadian imports are set to be implemented.3
Canada-U.S. Trade Minister Dominic LeBlanc and his American counterpart are leading these negotiations, with hopes that the deal can be presented to Trump as early as Monday.2
Sources familiar with the matter indicated that this timeline is crucial, as it would allow Trump to make a final decision regarding the tariffs before they take effect.
CBC News has chosen not to disclose the names of the sources due to their lack of authorization to speak publicly on the matter.
The urgency of these discussions highlights the ongoing tensions in trade relations between Canada and the U.S., as both nations seek to navigate the complexities of tariffs and trade agreements.
“The joint proposal is expected to be presented at least a day before the tariff deadline, giving Trump space to decide. New 50 per cent levies on hundreds of Canadian imports are scheduled to take effect Aug. 19.”
