Global Markets
Home›Global Markets›Trade & Tariffs›Manitoba premier urges Canada to hold out on US trade…
Manitoba premier urges Canada to hold out on US trade deal
Negotiators have until Friday night, with leaked terms suggesting US tariff cuts on Canadian steel, aluminum, and autos if Canada restores access for US alcohol.
BBC Business reports that Manitoba Premier Wab Kinew criticized a prospective US-Canada trade agreement and urged Canada to “fight” for favorable terms rather than rush concessions as a US-set deadline approaches.
According to the outlet, negotiators have until Friday night to finalize the deal or face additional US tariffs across a wide range of Canadian goods.
The report says Prime Minister Mark Carney will need buy-in from premiers, including to restore US alcohol on liquor store shelves, an issue Kinew framed as leverage.
BBC Business also cites leaked details indicating the US could cut tariffs on Canadian steel and aluminum from 50.0% to 25.0% and tariffs on Canadian automobiles from 25.0% to 15.0%, alongside consideration of expanded US dairy access and removal of Canada’s retaliatory tariffs on the US.