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US-Canada tariff talks continue, with Sept 7 counter-tariffs delayed
Canada’s counter-tariffs are set for Sept 7, while the US is threatening Jan 1 tariffs on auto parts, extending the negotiation timeline.
Trade negotiations between the US and Canada are still ongoing, US Vice President JD Vance said, signaling a potential de-escalation even as tariff threats remain in play, according to Forexlive.
The report notes that Canada’s counter-tariffs will not take effect until Sept 7, while Trump is threatening Jan 1 tariffs on auto parts.
Forexlive said the different timing suggests both sides may be trying to avoid pushing the dispute too far, with the outlet framing the remarks as a hint that escalation is not the only path.
The report added that Vance’s comments could matter for markets because Trump’s approach is described as unpredictable, and there is said to be pressure from senators and governors in border states to avoid escalation.