Canada and the U.S. are racing to reach a trade deal before Trump’s planned 50% tariffs on about $20 billion of Canadian goods take effect on Aug. 19.

INTELLIGENCE SUMMARY

Canada and the U.S. are racing to reach a trade deal before Trump’s planned 50% tariffs on about $20 billion of Canadian goods take effect on Aug. 19. Carney may offer concessions on alcohol and dairy, but Canada wants major reductions in U.S. tariffs on steel, aluminum and autos. This leaves him caught between Trump’s demands and growing pressure at home to stand firm. Source: Bloomberg