According to reports, as the US threatens to implement a new round of pre-tariff negotiations, Canada and the US are discussing a potential agreement: Ottawa will agree to meet a series of trade requirements put forward by the Trump administration in exchange for tariff relief for some industries. According to three industry sources familiar with the negotiations, the two sides have had in-depth discussions on a number of proposals and exchanged written negotiation positions, but no agreement has yet been reached. The core of the current discussion plan is an “exchange”: Canada will make concessions on a series of issues that the US believes are the main contradictions in bilateral trade, including abolishing retaliatory tariffs on US products; reinstating US alcohol products from entering the Canadian market; lifting provincial government procurement restrictions; and accepting Washington's explanation of how dairy quotas are distributed. One of the sources said that the US side has drawn up a list of priorities, which includes about 10 issues it wants Canada to resolve. In exchange, the US will reduce industry tariffs on steel and aluminum products, the so-called “Section 232.” Canada also wants the US to lower tariffs on automobiles and forest products. However, sources said that the US is not expected to completely abolish Section 232 tariffs, and the key part of the negotiations revolves around the level of tariffs to be retained.

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