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President Donald Trump and Prime Minister Mark Carney reach tentative trade agreement to reduce tariffs on Canadian goods

President Donald Trump announced a tentative trade deal with Canada to stave off a 50% tariff hike on various goods, including wine, hockey sticks, and metals. The administration announced that the deal, which is currently being finalized, aims to protect American workers and strengthen the North American economy. Trump said the agreement includes concessions from Canada to eliminate tariffs on U.S. farmers, while the administration may lower its own duties on Canadian steel, aluminum, and automobiles. Reports suggest U.S. tariffs on Canadian steel and aluminum could be cut from 50% to 25%, and vehicle tariffs could drop from 25% to 15%. Prime Minister Mark Carney expressed optimism, stating that Canada entered negotiations with the best overall trade terms and is moving toward an agreement that secures strategic sectors. While Canada's dairy supply management program remains intact, the deal is expected to provide greater certainty for future trade. U.S. Trade Representative Jamieson Greer confirmed that the administration feels confident in reaching a final agreement that eliminates past irritants and protects American supply chains.

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