US-Canada Trade Talks Gain Momentum Ahead of Midterms, Sources Say
The White House announced Friday it would remove some tariffs on Canadian goods after Sen. Susan Collins lobbied for relief. It also added other, less consequential tariffs.
50% is the top tariff rate on Canadian goods, announced in July.
$20 billion in US exports face Canadian retaliatory tariffs.
Trade talks collapsed in August, then recently restarted in earnest.
White House adviser Kevin Hassett said talks are "gathering steam."
Why it matters: Cost of living is a defining midterm issue, and tariffs have pushed prices up. Trump's economic approval rating is at record lows.
Border-state residents have been hit especially hard by the Canada trade war.
Similar tariff relief may follow in Michigan and New Hampshire races.
US-Canada Trade Talks Gain Momentum Ahead of Midterms, Sources SayYou are hereLatest
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Where they split: Republicans present the tariff relief as wins for constituents and a sign of a deal, while Democrats call it an election-eve admission that the tariff policy failed.
Center coverage, 3 sources: The center sees election pressure pushing the White House toward tariff relief and a possible Canada deal.