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Canada-U.S. trade deal hopes appear to fade after latest talks

CBC News · Current
CBC News
CBC News
Current

Although U.S. President Donald Trump’s Aug. 1 deadline is fast approaching, there is no sign of a breakthrough yet on a new Canada-U.S. trade deal after a week of talks in Washington, D.C. Ottawa continues to say it won’t sign anything that isn’t in Canada’s best interest.

Breakdown
  • Canadian officials met with U.S. lawmakers and Commerce Secretary Howard Lutnick to discuss a new trade deal.
  • Negotiators acknowledge that a breakthrough is not imminent despite ongoing talks. 39s
  • Tariffs on Canadian goods are set to rise from 25% to 35% unless a new agreement is reached. 56s
  • Exemptions for KUSMA-compliant goods will continue despite the tariff increase. 1m 5s
  • Canadian officials are preparing new support measures for workers and businesses affected by the tariffs. 1m 20s
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