Trump says US and Canada have a trade deal, but key terms remain unclear

WASHINGTON (AP) — Canada and the United States moved closer Wednesday to finalizing a trade agreement that would avert threatened 50% U.S. tariffs, with a senior Canadian official calling the emerging terms “a very good deal for Canada” while cautioning that negotiations were not complete.

President Donald Trump said the agreement was “very fair” to both sides and predicted U.S. farmers and manufacturers would benefit. The tariffs on about $20 billion worth of Canadian imports have been postponed until 12:01 a.m. Saturday.

The senior Canadian official said the emerging agreement would provide greater certainty, protect Canada’s dairy sector and jobs threatened by the new tariffs, and preserve what Ottawa considers favorable trade terms with the United States.

Prime Minister Mark Carney asked provincial premiers during a briefing to return U.S. alcohol to store shelves, Nova Scotia Premier Tim Houston said, a step aimed at addressing one of the Trump administration’s key trade complaints. Houston and two other premiers voiced support for the direction of the talks, though Houston said whether Canadians would actually buy U.S. alcohol again “is a whole other discussion.”

The senior official spoke on condition of anonymity because they were not authorized to discuss the negotiations publicly before an agreement is finalized.

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