US and Canada Nearing Trade Deal

The United States and Canada are nearing a trade agreement that could reduce contentious tariffs on Canadian autos and metals. Negotiators face a Saturday deadline as officials work to finalize the terms of the new pact.

Insights:
A log boom on the Fraser River, as U.S. President Donald Trump announced a three-day pause on a new round of 50% U.S. tariffs on Canadian goods, in Vancouver, British Columbia, Canada, August 19, 2026. REUTERS/Jennifer Gauthier

The United States and Canada are closing in on a trade deal that could cut tariff rates on Canadian-built vehicles and key metals, a person familiar with the matter said on Wednesday.

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