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Global Business News

The Economic Times

Global Business / The Economic Times

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US could cut key tariffs as part of proposed Canada deal, source says

The United States and Canada are nearing a trade agreement. Proposed terms include reducing auto tariffs to fifteen percent from twenty-five. Steel and aluminum tariffs will also be halved to twenty-five percent. Negotiators face a Saturday deadline for the potential deal. Both nations are working towards finalizing the trade pact.

20 Aug 2026 6:20 am