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[BUSINESS] · Canada, United States · 25 sources

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Canada and U.S. negotiate to avert August 19 tariff deadline

Canada and the United States are engaged in intense trade negotiations to avert a looming August 19 deadline, after President Donald Trump proposed 50% tariffs on approximately $20 billion of Canadian imports. These proposed tariffs are intended as retaliation for Canadian counter-tariffs on U.S. steel and autos, as well as provincial restrictions on American alcohol. Notably, these measures would not include exemptions for goods complying with the USMCA.

Canadian Trade Minister Dominic LeBlanc and Chief Negotiator Janice Charette have met with U.S. Trade Representative Jamieson Greer multiple times in recent weeks. While negotiations are ongoing, reports indicate that Canada is unsatisfied with the latest U.S. offer, which proposed sectoral reductions that did not meet Ottawa's expectations. To secure a deal, Canada is reportedly considering concessions, such as accepting certain U.S. auto tariffs provided that American-made content remains exempt from the duties.

Economic experts warn that the tariffs could impact Canadian provinces unevenly. British Columbia faces the highest risk, with an estimated 13.7% of its exports to the U.S. potentially affected, while the Prairie provinces like Alberta and Saskatchewan may see much lower impact. The U.S. is also seeking preferential access to Canadian critical minerals and addressing security and energy concerns as part of the broader trade discussions.

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Canada · Dominic LeBlanc · Donald Trump · Jamieson Greer · Janice Charette

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