U.S. Commerce Secretary Howard Lutnick told CBS News it was 'silly' to think free trade between Canada and the U.S. is dead, but he also suggested tariffs would remain on some Canadian goods. The countries are aiming for a trade deal in less than two weeks.
Breakdown
- The Trump administration continues to press Canada to open its markets, threatening tariffs if demands are not met. 12s
- The USMCA agreement allows most goods from Canada and Mexico to enter the U.S. tariff-free, with some sector-specific carve-outs. 1m 14s
- Negotiations between Canada and the U.S. are ongoing, but have become more difficult than previous NAFTA talks. 2m 8s
- Steel and aluminum tariffs remain a major unresolved issue in the discussions. 2m 22s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.