Canada News Updates

The move under discussion would generally halve U.S. tariffs on imports of the two metals, which currently face a 50% rate.

The announcement buys time for more negotiations and avoids, for now, another strain in already tense relations between the historic allies.

The U.S. has signaled privately that the chances of a deal on Aug. 18 are a coin flip or worse, said the sources, who spoke on condition of anonymity.

Tension between neighbors could hit new heights at 12:01 a.m. Aug. 19 if Trump goes ahead with his plan to impose 50% tariffs on $20 billion worth of Canadian products, ranging from hockey sticks to tongue depressors.

Trump and his officials have demanded Carney act on a lengthy list of trade irritants or the U.S. will move forward on Aug. 19 with 50% duties on about $20 billion worth of Canadian products.

Carney said Canada remained engaged in the negotiations despite Trump’s comments, describing the talks as a fight to protect Canadian workers and businesses.

U.S. dry and refrigerated van trailer imports from Canada and Mexico are now subject to antidumping duties, though at a lower rate than three complainants sought.

Canada and the U.S. are negotiating to find a trade deal by Aug. 19. That’s the date on which Trump promised the U.S. will apply new 50% tariffs on a fresh basket of Canadian-made goods.

The truckload unit again drove results at the Montreal-based carrier in the second quarter of 2026 as the freight market rebounded.

President Donald Trump argued that his economic policies have revived the auto industry and American manufacturing during a July 27 visit to Michigan.