GSM Cellphones Ltd 750x150 250129_left

GSM Cellphones Ltd 750x150 250129_left

HomeBusinessTrade Optimism Rises Among Premiers Facing Extended US Negotiation Window

Trade Optimism Rises Among Premiers Facing Extended US Negotiation Window

Trade Optimism Rises Among Premiers Facing Extended US Negotiation Window

Some premiers say they’re optimistic about Canada’s progress in reaching a trade deal to avoid punishing tariffs from the United States, while others say they’re waiting for more details about the agreement.

 

U.S. President Donald Trump announced Tuesday he would put a three-day pause on 50 per cent tariffs that would have hit an array of Canadian goods just after midnight Wednesday.

 

Read More On Our Daily Stock Market Reports – U.S. Market Indexes Rebound as Bond Yields Fall After Treasury Announces Larger Debt Purchases

Nova Scotia Premier Tim Houston told reporters Wednesday that he was “optimistic” about the deal, adding that Prime Minister Mark Carney has asked provinces to restock American alcohol on their shelves.

 

 

 

B.C.’s David Eby said that while no agreement will offer everything the country is hoping for, the federal government has made substantial progress across strategic sectors.

 

Scott Moe of Saskatchewan said Wednesday that he hopes both countries can negotiate a deal that would reduce U.S. tariffs on Canadian steel, aluminum, autos and lumber.

 

Quebec Premier Christine Fréchette told reporters it was too soon to make a judgment call about the deal, adding that she needed more information to see whether it’s positive for her province.

 

 

 

 

 

This article was first reported by The Canadian Press