Key facts
- Canada and the U.S. are in urgent trade negotiations to avert new tariffs.
- New U.S. tariffs on C$28 billion of Canadian imports are scheduled to take effect Wednesday.
- Prime Minister Mark Carney spoke with President Trump on Monday and Tuesday.
- Existing U.S. auto tariffs are a significant sticking point in the negotiations.
Canada and the United States are engaged in urgent trade negotiations to prevent the implementation of new 50% tariffs on C$28 billion of Canadian imports, with a deadline set for Wednesday. Prime Minister Mark Carney held discussions with U.S. President Donald Trump on Monday and again on Tuesday afternoon as the two nations attempt to finalize a last-minute agreement. Weeks of intense negotiations have reportedly yielded little clarity, with existing U.S. auto tariffs identified as a significant sticking point. The cost of a potential deal remains a key question as the negotiations intensify.