- President Donald Trump announced a tentative deal to stave off new 50% duties on Canadian wine, hockey sticks and many other goods.
- Trump signaled that a change in U.S. tariffs on Canadian autos could be part of the deal.
- Trump stated that Canadian tariffs "will be non-existent for our farmers," without specifying which duties he was referring to.
- According to senior executive branch officials, Canada has expressed a commitment to remove the discriminations or unreasonable and unequal impositions that spurred the 50% tariff threat.
- U.S. Trade Representative Jamieson Greer stated that the deal "will include comprehensive market access for all American goods, economic security commitments, digital trade alignment, and many important provisions that will continue to protect our market and American workers, along with our Canadian partners."
President Donald Trump announced a tentative deal to avert new 50% tariffs on Canadian goods, including wine and hockey sticks, just hours before the tariffs were set to take effect.
The agreement may also involve changes to U.S. tariffs on Canadian autos, a key issue for Ottawa's trade negotiators. Trump stated, "We're doing certain things."
Additionally, Trump suggested that the deal could lead to the revival of the Keystone XL Pipeline, which was halted by President Biden in 2021. He remarked, "The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!"
According to senior officials, Canada has committed to removing discriminatory practices that prompted the tariff threat.
U.S. Trade Representative Jamieson Greer emphasized that the deal will include comprehensive market access for all American goods, along with commitments to economic security and digital trade alignment, ensuring protections for American workers and collaboration with Canadian partners.
“Trump indicated that Canadian tariffs 'will be non-existent for our farmers,' though he did not specify which duties this refers to. U.S. Trade Representative Jamieson Greer emphasized that the deal will ensure comprehensive market access for American goods and include provisions to protect American workers.”
CNBC
