The Canadian side is 'cautiously optimistic,' but there has been no public indication of a breakthrough
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WASHINGTON, D.C. — Canada’s trade negotiators are racing to avert 50 per cent tariffs on hundreds of Canadian exports, imposed under the never-before-used Section 338 of the Tariff Act of 1930 and scheduled to take effect on Aug. 19.
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Canada-U.S. Trade Minister Dominic LeBlanc and Chief Negotiator Janice Charette are reportedly working with U.S. Trade Representative Jamieson Greer’s team on a deal to present to Trump early next week, aiming to avert the Section 338 tariffs and secure relief from Section 232 tariffs that have battered the lumber, aluminum and steel industries
While a source close to negotiations said the Canadian side is “cautiously optimistic,” there has been no public indication of a breakthrough. With Prime Minister Mark Carney having warned that “everything is on the table depending on the outcome of the negotiations,” trade watchers are contemplating possible next moves should Team Canada’s efforts fail.
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