ZeroHedge
5h ago
US May Halve Canada Metals Tariffs As Friday Deal Deadline Looms
Summary:
US-Canada Trade Deal Would Cut Metals Tariffs to 25%: Report
Trump: "It's good for everybody, but our farmers are going to be thrilled. Our manufacturers are going to be thrilled."
Trump Pauses 50% Canada Tariffs At 11th Hour, Declares "We Have A Deal"
US-Canada Trade Deal Would Cut Metals Tariffs to 25%: Report
Sources told Bloomberg that a tentative trade deal would cut US tariffs on certain Canadian steel and aluminum exports to 25% from 50%.
The report continued:
The details have yet to be finalized and are not expected to apply across the board. Different rates could apply to some derivative products that include those metals, said some of the people, who requested anonymity to discuss terms of the agreement before it is announced.
US and Canadian trade advisers continued negotiations Wednesday, less than 24 hours after President Donald Trump paused planned 50% tariffs on billions of dollars of Canadian goods for three days.
The metals concessions could help the two countries reach a broader agreement before the pause expires Friday.
President Trump earlier nodded to US concessions in the trade talks.
🚨 BOOM: President Trump just confirmed he's r
#macro