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At close · Fri, Aug 7, 2026
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HomeGlobal MarketsTrade & TariffsCanada seeks U.S. trade concessions to avert 50% tarif…

Canada seeks U.S. trade concessions to avert 50% tariffs on many goods

Canada’s prime minister is working to prevent tariff hikes on a wide range of Canadian goods scheduled to begin this month.

The New York Times Business reports that Prime Minister Mark Carney is trying to secure U.S. concessions in ongoing trade talks to prevent 50 percent tariffs on many Canadian goods that are scheduled to start this month.

The effort is aimed at avoiding the broader tariff increase that would apply across multiple categories of Canadian exports, according to the outlet.

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