Home Canadian News Canada seeks tariff protections, assurances from U.S. in NAFTA talks

Canada seeks tariff protections, assurances from U.S. in NAFTA talks

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The window for Canada and the U.S. to land a NAFTA breakthrough this week is getting smaller, as officials sit down in Washington, D.C. Its expected to be the final high-level meetings this week.
This week’s talks are being described by several sources with direct knowledge of the situation as «tense,» «frank» and «slow,» especially on the significant issues.
The unusual move comes after Donald Trump imposed 25 per cent tariffs on steel and 10 per cent on aluminum, through a rarely used national security provision.
The larger concern is Trump’s threat to slap similar tariffs on imported autos and auto parts. If that were to happen, economists predict, the North American economy would grind to a near halt and thousands of jobs would be killed.
The Americans, who reached an agreement in principle with Mexico last month, are pushing to get a deal with Canada before Oct. 1, the deadline set in hopes of hitting the congressional timeline required for a renegotiated NAFTA to be signed before Mexico’s presidency changes hands on Dec. 1.