Canada, U.S. in Daily Negotiations to Halt Additional Tariffs Ahead of August 19
Canada and the U.S. are in intensive discussions to avoid new tariffs set for August 19, with Ottawa offering concessions on alcohol, dairy, and autos while seeking relief from Section 232 duties.
Canadian and American officials are holding daily negotiations with the aim of preventing additional tariffs from taking effect on August 19. Ottawa has signaled a willingness to address U.S. demands regarding alcohol, dairy, and automotive trade.
In return, Canada is pushing for an exemption from existing Section 232 tariffs on steel and aluminum. Canadian negotiators concede that some of those duties may persist, but both sides are working toward an interim trade arrangement to ease tensions.
The high-stakes talks reflect ongoing trade friction between the two neighbors, with potential implications for key sectors.
Source: First Squawk