US, Canada Near Win-Win Trade Deal Before July Deadline
US, Canada Near Win-Win Trade Deal Before July Deadline

US, Canada Near Win-Win Trade Deal Before July Deadline

News summary

US Ambassador to Canada Pete Hoekstra expressed strong optimism about the ongoing trade negotiations between the US and Canada, highlighting the involvement of US President Donald Trump and Canadian Prime Minister Mark Carney. Despite previous tensions caused by Trump's tariffs on steel, aluminum, cars, and trucks, which led to Canadian counter-tariffs, both countries are now working toward a mutually beneficial agreement. The trade talks, briefly paused over Canada's digital services tax, resumed after Canada agreed to scrap the tax, with both leaders setting a July 21 deadline to finalize a new trade framework. Hoekstra emphasized that the negotiations aim to create a 'win-win' deal that would be stronger and better for both nations, particularly benefiting trade-dependent regions like Michigan. The discussions are expected to address key issues, including tariffs, digital taxation, and industrial supply chains, signaling a reset in US-Canada trade relations under the leadership of Trump and Carney. Overall, the ambassador conveyed confidence that both leaders will secure great deals for their respective countries.

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