US and Canada described as 'very close' to tariff deal
Summarised from 2 outlets · Updated 27 Oct, 01:44 · Archive
The White House says the US and Canada are close to resolving their tariff dispute.
The White House said the US and Canada are 'very close' to resolving their tariff standoff nearly two months after negotiations broke down. Kevin Hassett, director of the White House National Economic Council, told Fox News that negotiations have 'picked up' and are 'gathering steam'. He attributed earlier difficulties to Canadian domestic political changes, saying 'The Canadian election that just happened, including Alberta separating, made it so that it was essentially impossible to negotiate with the Canadians.'
President Trump imposed roughly 50% tariffs on about $20 billion in Canadian goods such as beer, cheese and electronics in late August. Since then, he has announced exemptions for various products including paper, machinery, plywood and refrigeration equipment, effective 30 October, as well as road salt.
Trump told Fox 2 Detroit that a deal could be reached before the midterm elections next week, though he also said it could take months. He stated: 'Canada has been making $90 billion a year off us for years and years. They've taken advantage of our country, but we're getting close to a deal.' The tariffs have become a political issue ahead of US Senate races in Michigan and Maine.
How it is being reported
- U.S. and Canada working on deal to ease steel and auto tariffs, sources sayTariffs on Canadian imports have become a political liability for U.S. President Donald Trump ahead of the midterm elections next week.The Japan Times · 27 Oct, 01:24
- US, Canada ‘very close’ to tariff deal: WHUS-Canada trade talks are "gathering steam" and close to a deal nearly two months into the latest tariff spat between America and its northern neighbor, White House economic adviser Kevin Hassett revealed.New York Post · 26 Oct, 17:07
In this story: United States · Canada · Donald Trump · Kevin Hassett · Alberta · Michigan · Maine
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