SKN | US and Canada Pursue Steel and Auto Tariff Relief Ahead of Midterm Elections
Market News & Breaking Updates Washington and Ottawa Seek to Revive Trade Talks The United States and Canada are working toward a potential agreement to reduce US tariffs on Canadian steel and automobiles, according to sources cited by Reuters on October 26. The discussions follow the collapse of trade negotiations in August and efforts by both governments to address deteriorating bilateral relations. The talks focus on tariffs imposed under Section 232 of US trade law, including duties of up to 50% on Canadian steel and 25% on automobiles. Negotiators are discussing possible relief from these measures, although the scope and timing of an agreement remain uncertain. One Canadian source briefed on the negotiations said a deal could be reached before the November 3 US midterm […]
