Canada battles the clock, politics in scramble to avert Trump’s tariffs
Summary
Canada is trying to stop the United States from imposing a 50% tariff on many Canadian exports starting Wednesday. The tariffs come from a dispute over trade policies, including Canada’s treatment of US cars, dairy, and alcohol, and could affect goods worth about $20 billion.Key Facts
- The US, under President Donald Trump, plans to apply a 50% tariff on Canadian electronics, machinery, furniture, dairy, and wine.
- The tariffs would start on Wednesday if no last-minute trade agreement is made.
- These tariffs are based on a section of US law not previously used in this way.
- About $20.2 billion worth of Canadian exports, or 5% of US imports from Canada, would be affected.
- Canada’s provinces have banned US alcohol in retaliation, complicating negotiations.
- Quebec considers its system controlling dairy, eggs, and poultry production non-negotiable.
- Canada sends 70% of its exports to the US, but the US sends only 30% to Canada.
- Talks between Canadian and US officials are described as intense and difficult.
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