US-Canada Trade Talks Stall as Tariff Deadline Looms
A last-minute trade negotiation between the US and Canada is underway to avoid new 50% tariffs set to take effect on Wednesday.
Canadian Prime Minister Mark Carney spoke with US President Donald Trump, but a deal to avoid the duties remains uncertain. The main sticking point is US tariffs on Canadian vehicles.
Ottawa has warned Washington that the tariffs could jeopardize further trade talks and even lead to a breakdown of the US-Mexico-Canada Agreement, which could cost the US economy $1 trillion by 2035 according to one analysis.
A recent poll in Canada found that around a third of Canadians favor a forceful response to Washington's threats, while only 18% want to offer concessions like ending provincial bans on American alcohol.