Carney Seeks Comprehensive Deal with Trump Before 50% US Tariffs Take Effect
Canadian Prime Minister Carney said on July 17 that he intends to consult with US President Trump before the 50% additional tariffs on Canadian goods take effect on July 19. Carney is seeking a comprehensive agreement that would include suspending the additional tariffs and reducing steel tariffs. The US announced in July that it would impose additional tariffs on approximately US$20 billion (about 3.2 trillion yen) of Canadian imports, including wine, dairy products and wooden furniture, under Section 338 of the Tariff Act, citing discriminatory treatment by Canada. The tariffs also apply to products benefiting from preferential treatment under the US-Mexico-Canada Agreement (USMCA).
Canadian Prime Minister Carney said on the 17th that he intends to consult with US President Trump before the 50% additional tariffs announced by the US government take effect on the 19th. Carney made the remarks in response to questions from reporters. Canada is seeking a "comprehensive agreement" that would include suspending the additional tariffs and reducing tariffs on steel and other goods, with ministerial-level officials from both countries continuing negotiations. Carney said that as negotiations progress, there will be an opportunity for detailed discussions within the next 48 hours.
In July, the US government announced that, under Section 338 of the Tariff Act, it would impose additional tariffs on approximately US$20 billion (about 3.2 trillion yen) worth of goods imported from Canada, including wine, dairy products and wooden furniture, citing discriminatory treatment by Canada against the US. Goods subject to tariffs under Section 232 of the Trade Expansion Act are not covered by the additional tariffs. On the other hand, the tariffs apply to products that enjoy preferential treatment under the US-Mexico-Canada Agreement (USMCA).