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International

US and Canada near trade deal to reduce auto and metal tariffs

The US has delayed the implementation of new tariffs on Canadian imports following progress in ongoing trade negotiations.

The Business Standard ยท 20 August 2026, 10:45 AM

The United States and Canada are nearing a trade agreement that could potentially lower tariffs on automobiles and metal products. US President Donald Trump had previously threatened to impose a new round of tariffs on Canadian imports starting Wednesday. However, citing progress in the ongoing discussions, the administration has extended the deadline to Saturday.