Chrystia Freeland says a tentative US-Canada trade agreement may prevent new US tariffs from taking effect, but only if Canada makes major concessions including easing retaliation, allowing US alcohol back into provincial stores and aligning with Was...
Chrystia Freeland says a tentative US-Canada trade agreement may prevent new US tariffs from taking effect, but only if Canada makes major concessions including easing retaliation, allowing US alcohol back into provincial stores and aligning with Washington on some digital issues. Existing US tariffs on Canadian steel, aluminum, cars and auto parts would remain, though at lower levels. Freeland says that would mark a major shift from Canada’s long-held position that such tariffs violate USMCA, and could hurt both countries, especially US manufacturing and the Detroit-Windsor auto supply chain. This interview was recorded on Aug. 20. (Source: Bloomberg)
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Bloomberg — Markets (EN)