Canada seeks to avert new US tariffs as deadline looms
politics
Dawn reports that fresh U.S. tariffs are set to take effect after midnight Tuesday, targeting a range of Canadian goods such as wine, hockey sticks and cement. The duties, signed by President Donald Trump last month, would cover about five point five percent of Canada’s exports – roughly twenty billion dollars – and are aimed at pressuring Ottawa over what the White House calls discriminatory treatment of American products. Oxford Economics says the impact on Canada’s overall economy will be modest, but manufacturers in sectors like cement, paper and electronics could feel the strain. Negotiations remain intense and delicate as the deadline looms, with both sides still seeking a deal before the tariffs kick in.
Source: https://www.dawn.com/news/2023810/canada-seeks-to-avert-n...
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