Tariffs/TradeIMPORTANT
Canada is holding intense talks with US to prevent extra tariffs on August 19th, according to sources
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Canada is holding high-stakes talks to delay a 50% US tariff set for Aug 19. While concessions are offered, analysts expect final rates of 25-35% amid ongoing trade friction.
News detail
Canada tells US that if there is no deal by Aug. 19 to delay tariffs, Ottawa's ability to continue talks will be limited. Canada is reportedly prepared to tackle US grievances on alcohol, dairy and auto sectors, seeks Section 232 tariff relief. Canada acknowledges impending acceptance of certain US tariffs on steel and aluminum. Hopes tariff relief pact can be reached in side letters, not in renewed USMCA deal.
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