'We have more work to do', says Canada negotiator as US trade deadline looms
Hours before the deadline, President Donald Trump did not say whether a definitive deal had been agreed, but that it was "moving along". "We should be able to have a deal with Canada.
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Key Facts
- Fact 1: The full framework of the deal has yet to be made public, but details leaked to several media outlets suggest the US will agree to reduce tariffs on Canadian steel and aluminium from 50% to 25%, and tariffs on Canadian automobiles from 25% to 15%.
- Fact 2: The mayor of an Ontario city that is home to the country's second-largest steel producer told the CBC that a deal that includes 25% tariffs on the sector "wouldn't be something to celebrate".
- Fact 3: But Carney has also faced pressure from businesses and stakeholders to reach a deal that would avert an additional 50% tariff that Trump has threatened on a range of Canadian goods, from hockey equipment to wine to cement.
- Fact 4: Canada could lose 90,000 jobs if the new tariffs were implemented, according to estimates in an analysis published on Thursday by Trevor Tombe, a Calgary-based economist.
Hours before the deadline, President Donald Trump did not say whether a definitive deal had been agreed, but that it was "moving along". "We should be able to have a deal with Canada.
We're also starting on a new deal with Mexico. A much better deal for the United States. I only make good deals," he told reporters on Friday.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: BBC News World
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