The United States and Canada are negotiating to ease U.S. steel and auto tariffs
The United States and Canada are negotiating a deal to ease tariffs on Canadian steel and autos, Reuters reported Monday. One Canadian source said an agreement was possible before the November 3 elections, while U.S. sources said the Trump administration wanted further Canadian concessions. Prime Minister Mark Carney said Canada had “very clear bottom lines.”
More context
The United States and Canada are working on a deal to ease U.S. tariffs on Canadian steel and autos, with one Canadian source saying an agreement could be reached before the November 3 elections. The talks concern duties imposed under Section 232 of U.S. trade law, including tariffs of up to 50% on Canadian steel and 25% on autos. The governments are seeking to repair relations after trade talks broke down in August. U.S. sources said the Trump administration wants further Canadian concessions. Two sources told Global News that an agreement would require U.S. concessions on issues including Canada’s ability to make trade agreements with other countries and which U.S. tariffs would apply to autos, steel and aluminum. Prime Minister Mark Carney said Canada had set firm limits and rejected the offer made in August.
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Reporting
- Reuters — EXCLUSIVE: EXCLUSIVE US, Canada working on deal to ease steel, auto tariffs, sources say | Reuters
- Global News — Canada-U.S. trade talks ‘moving quickly’ at political level ahead of midterms: sources - National | Globalnews.ca
- investinglive.com — US and Canada working on deal to ease tariffs on Canadian steel and auto imports
- indexbox.io — US-Canada Tariff Talks: Steel and Auto Deal Possible Before November 3 Elections - News and Statistics
Verifier’s note
Reuters reports that the U.S. and Canada are working on tariff relief for Canadian steel and autos. InvestingLive and Global News relay Reuters’ report, and IndexBox also states the same negotiating claim; the Globe and Mail reports renewed talks but does not establish this specific tariff-relief deal.