The US and Canada have not reached a trade agreement, and 50% tariffs will be maintained
After weeks of intense negotiations, Washington and Ottawa have failed to reach a trade agreement, and at midnight on Saturday, 50% of the US tariffs on Canadian products entered into force, worth nearly $28 billion (almost €24 billion).
On the other hand, Canada will impose equivalent burdens, "dollar to dollar, "as Prime Minister Mark Carney explained." In addition, the government will present additional measures to protect Canadian workers and companies, which will be added to the $25 billion (€21.3 billion) aid granted over the past 18 months, "Carney announced.
Negotiations were on the right track, according to the Bloomberg news agency, and earlier this week the United States reached an agreement to reduce Canadian car tariffs to 15% and steel tariffs to 25%, but pressure from the sector put new limits on that reduction.
Not even Ottawa has managed to cut tariffs on timber , not even tocompletely eliminatethe threat of new 50% tariffs proposed by Trump in July.
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