Canada discussing trade concessions with the U.S. in return for some tariff relief

By Adrian Morrow and Mark Rendell
The Globe and Mail
August 7, 2026
Category: Business & Politics
Region: Canada, United States

Canada and the US are discussing a prospective deal in which Ottawa would agree to a long list of Trump administration trade demands in exchange for some relief on sectoral tariffs. According to three sources, the two sides have discussed in-depth proposals and traded written bargaining positions but an agreement has not yet been reached. …Canada would concede on a range of trade issues that the US considers the biggest bilateral trade irritants, including autos, alcohol dairy. …In return, the US. would lower sectoral levies, known as Sec. 232 tariffs, on steel and aluminum, with Ottawa also pushing for relief on autos and forest products. Canada is also hoping to avoid Trump’s latest round of threatened tariffs, scheduled to take effect in less than two weeks’ time. …The deal under discussion would represent only the first phase of trade talks and is being described as an “interim deal.” [to access the full story a Globe and Mail subscription is required]

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