Canada discussing trade concessions with the U.S. in return for some tariff relief, sources say
Canada and the U.S. are engaged in intensive trade negotiations to avoid upcoming American tariffs. Ottawa is considering concessions on various trade demands, including automotive and agricultural sectors, in exchange for relief on steel and aluminum levies.
Why it matters
The outcome of these talks will significantly impact North American trade relations and the economic stability of key industrial sectors in Canada.
Canada-U.S. Trade Minister Dominic LeBlanc listens as Prime Minister Mark Carney meets with Canada's premiers in Charlottetown on July 23. Darren Calabrese/The Canadian Press
Canada and the United States are negotiating a deal in which Ottawa would concede on a long list of Trump administration trade demands in exchange for some relief on sectoral tariffs, as talks intensify less than two weeks before another round of threatened American levies.
According to eight sources on both sides of the border with knowledge of the negotiations, the two countries are in an intensive phase of talks and are trading in-depth proposals, but no agreement has yet been reached. The Globe and Mail is not identifying the sources because they were not authorized to discuss the top-secret bargaining.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in