Top Stories· August 18, 2026 at 10:54 a.m.
Last-Minute Discussions between US and Canada to Avert 50% Tariffs
Key takeaways
- Urgent negotiations held between US and Canada
- Tariffs on steel and aluminum imports could reach up to 50%
- Negotiations described as 'constructive' by Canadian Foreign Minister
The United States and Canada held urgent negotiations on Monday to prevent the implementation of tariffs on steel and aluminum imports, which could reach up to 50%. The talks come after President Trump announced his intention to impose these tariffs last week, citing national security concerns.
The discussions were described as 'constructive' by Canadian Foreign Minister Chrystia Freeland, who added that both sides are working towards a mutually beneficial agreement.
The proposed tariffs have sparked concern among industry leaders and economists, who warn of potential job losses and increased costs for consumers.