Trump Threatens Tariffs on Canadian Products, U.S.-Canada Negotiations Set for Deadline
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If no deal is reached, Trump has threatened to impose 50% tariffs on $20 billion worth of Canadian products, ranging from hockey sticks to tongue depressors.
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Washington Times BusinessIn announcing the Section 338 tariffs, Trump claimed that Canada discriminates against American exports of autos, alcohol and cheese. Trump is angry because Canada and China were the only countries that punched back with retaliatory tariffs of their own when he slapped levies on their products last year.
CNBCTrump has already imposed a variety of tariffs on Canada and its specific exports, including metals, lumber and auto parts. Trump also imposed hefty tariffs on Canada over alleged drug-trafficking concerns, but the Supreme Court struck those down in February.
MarketWatchThe Trump administration has promised that new 50% tariffs on $20 billion worth of Canadian goods will kick in early Wednesday, but there are expectations that Donald Trump and his aides may yet again back down from a threat.
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The United States and Canada have wrangled for decades over trade, poking each other interminably over sore spots like Canadian softwood lumber imports and U.S. access to Canada’s protected dairy market.
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FortuneThe two countries have wrangled for decades over trade, poking each other over sore spots like Canadian softwood lumber imports and U.S. access to Canada’s protected dairy market.
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The U.S. and Canada are negotiating in an effort to reach a truce on tariffs before a 12:01 a.m. Wednesday deadline set by U.S. President Donald Trump.
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BBC BusinessPublished "Intense" trade talks are going down to the wire as Canada seeks to avoid a fresh round of tariffs from the Trump administration due to come into effect in less than 48 hours.
Washington Times BusinessAs the deadline approaches, the two countries are seeking a truce that would avoid the new round of tariffs.
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″We are negotiating,” Canadian Prime Minister Mark Carney told reporters Monday, speaking in French. “The negotiations are very intense and delicate. This is not the time to talk about negotiations in public.”
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Fortune″We are negotiating,” Canadian Prime Minister Mark Carney told reporters Monday, speaking in French. “The negotiations are very intense and delicate. This is not the time to talk about negotiations in public.”
BBC BusinessPrime Minister Mark Carney kept details of the talks close to his chest when pressed by reporters on Monday, saying that given the "very delicate and intense" negotiations, it is "not the time to negotiate in public".
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Dominic LeBlanc, Canada’s minister for U.S. trade, met with Greer on Monday. He was tight-lipped afterward.
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FortuneDominic LeBlanc, Canada’s minister for U.S. trade, met with Greer on Monday. He was tight-lipped afterward.
BBC Business"Our job is not yet done," US-Canada Trade Minister Dominic LeBlanc said on Monday as he left Greer's office.
7 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 MarketWatch Washington Watch A new set of Trump tariffs for Canada could take effect Wednesday. Here’s what’s at stake.
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02 RealClearMarkets The first family’s self-enriching war economy is on full display as Trump’s tariffs on foreign-made drones boosted the stock price of a U.S. drone developer in which Donald Trump Jr. is invested. Read Full Article »
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03 Washington Times Business Somehow the two neighbors still managed to remain friends, allies - and trading partners. Canadian soldiers fought alongside Americans in Afghanistan after 9/11. The 5,525-mile U.S.-Canada border is undefended, and nearly 330,000 people and $2 billion dollars’ worth of goods cross it every day; 800,000 Canadians live in the United States.
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04 Fortune Somehow they still managed to remain friends, allies — and trading partners. Canadian soldiers fought alongside Americans in Afghanistan after 9/11. The 5,525-mile U.S.-Canada border is undefended, and nearly 330,000 people and $2 billion dollars’ worth of goods cross it every day; 800,000 Canadians live in the United States.
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05 CNBC Trump and Carney spoke late Monday and are set to speak again Tuesday, Bloomberg reported. The talks between the leaders on Monday night did not convince Trump to hold off on the forthcoming retaliatory tariffs, Fox Business reported. The White House did not immediately respond to CNBC's request for comment.
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06 BBC Business Canadian negotiators have been camped out in Washington for a week, trying to pin down some agreement before new 50% tariffs on some $20bn (C$28bn) worth of Canadian imports come into effect on Wednesday.
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07 Financial Times Mark Carney in last-ditch effort to avoid Trump’s latest tariffs Canadian prime minister plans call with US president before a Wednesday deadline for levies on $20bn of trade
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