U.S.-Canada trade talks broke down over heavy-duty trucks
The breakdown halted a proposed cut in auto tariffs to 15% and triggered new U.S. duties on about $20 billion in Canadian goods.
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EDITORIAL: Canadian trade war doesn’t help GOP candidates
Talks break down.
U.S.-Canada trade talks broke down over heavy-duty trucks
Under the deal the two countries were working toward, the regular auto tariff would have been lowered to 15% from 25%. Canada wanted that relief expanded to medium- and heavy-duty vehicles, which range from large pickup trucks to commercial vehicles.
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Greer Says Canada's Demand for Heavy Truck Relief Helped Break Trade Talks
US Trade Representative Jamieson Greer said Canada pushed to widen an American offer on vehicle tariffs to cover medium and heavy-duty trucks, and that the demand was among the reasons negotiations collapsed last week. Speaking on CNBC on Monday, Greer said the United States had assembled a package and that Canada then sought to widen it. “They said, well, we want the scope of that to be more,” he said. “It’s not just cars. It’s not just passeng…
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