Suryaa Now International Desk: Key trade talks between the US and Canada are not making much progress as expected. Between the officials of the two countries... Key trade talks between the US and Canada are not making much progress as expected. Canadian government sources have revealed that only limited progress has been made in the latest diplomatic talks between the officials of the two countries.
Although the two countries are discussing to reduce the burden of heavy tariffs imposed by the United States, it is reported that there is still no clarity on the key issues. It seems that the differences between the representatives of the two countries are continuing regarding the relaxation of the strict tariffs imposed by the US government, especially on the steel and automobile sectors. Although Canada's Prime Minister Mark Carney previously stated that high-level talks have been accelerated to reduce the trade tensions between the two countries, in practice, the expected results are not coming quickly. As the US tariffs are having a severe impact on the border trade of both the countries, the leadership of both the countries is hoping to reach a clear agreement as soon as possible.
However, reconciling domestic political equations and economic interests is becoming a challenge for the two countries' negotiations. In the wake of the upcoming midterm elections in the United States, trade policies have become politically important. Although US President Donald Trump has recently signaled that the trade dispute may end soon due to the pressure coming from the industrial groups in the border states, the pace of negotiations at the field level is still slow. Experts are analyzing that a final agreement is likely to be reached only if clear procedures are finalized on the lifting of tariffs on Canadian steel and auto products under Section 232 provisions.