US to exempt some Canadian imports from tariffs, Collins says
Senator Susan Collins announced on Friday that the US will issue tariff exemptions on several categories of Canadian imports. The trade dispute with Canada has become an issue in her Maine Senate race. Canada this week unveiled a support plan for manufacturers hit by US tariffs.
Why it matters
Exemptions would lower costs for some cross-border trade between two of each other's largest trading partners.
Background
The Trump administration imposed tariffs on many Canadian goods, prompting Canadian retaliation and support programs. Relations have also been strained by disputes over the midterms.
The story so far
- Canada unveils $6.2 billion plan to support manufacturers hit by tariffs
- US to exempt some Canadian imports from tariffs, Collins says
- US eases some tariffs on Canadian goods, adds others
- Trump says Canada trade deal coming soon
Sources
- CNBC ↗Oct 23, 2:54 PM ET
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