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Canada-US trade talks head to deadline as tariffs risk returns
Negotiators must finalize a tentative pact by a Friday night deadline, or the US could impose additional tariffs across a wide range of Canadian goods.
Canada and the United States are in final-stage negotiations to complete a tentative trade deal before a Friday night midnight deadline, Canadian trade minister Dominic LeBlanc said, adding that negotiators still have more work to do.
LeBlanc said he spent about eight hours meeting US trade representative Jamieson Greer and other US counterparts and that the talks could extend to the last minute. The risk is a fresh wave of additional US tariffs on a broad set of Canadian goods if no agreement is reached by the deadline.
Leaked details reported by several outlets suggest the US would reduce tariffs on Canadian steel and aluminium from 50% to 25%, and lower tariffs on Canadian automobiles from 25% to 15%. The framework also points to restoring American alcohol sales, with Canada considering greater access for US dairy producers and removing retaliatory tariffs on the US.
Canadian Prime Minister Mark Carney faces resistance from some provincial leaders, as opposition and regional officials argue about the impact on domestic industries. Conservative leader Pierre Poilievre criticized any deal that would leave Canadian industry facing one-sided tariffs, warning about de-industrialisation if key sectors pay higher costs, while premiers urged Canada to avoid rushing concessions and analyze provincial effects.