Canada, U.S. not yet ready to make tariff deal, Canada unsatisfied with latest U.S. offer: sources

By Darren Major and Kate McKenna
CBC News
August 12, 2026
Category: Business & Politics
Region: Canada, United States

As the clock ticks toward U.S. President Donald Trump’s latest tariff deadline, Canada and the U.S. aren’t at a point where a tariff deal can be reached — and Canadian officials are not satisfied with the latest U.S. offer, according to two sources with knowledge of the trade talks. According to sources on both sides of the border, the Americans offered a new proposal on Tuesday which would lower some of the sectoral tariffs but not to the degree that the Canadian side would like to see. CBC News is not naming the sources because they were not authorized to speak publicly. Negotiators have been going back and forth in recent weeks in an effort to reach some sort of deal before Aug. 19, which is when Trump has promised a 50 per cent levy on hundreds of Canadian goods in addition to the sectoral tariffs already in place.

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