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U.S. and Canadian flags next to the Blue Water Bridge border crossing in Point Edward, Ontario. (Geoff Robins/AFP/Getty Images)

U.S., Canada race for deal to avert Trump’s threat of 50 percent tariffs

 What to know

The U.S. and Canada are seeking a deal to avoid 50 percent tariffs on Canadian goods like hockey sticks and wine, according to industry executives. The agreement may involve Canadian tariff concessions and commitments on energy and defense in exchange for the U.S. shelving new tariffs. If successful, it could boost efforts to renegotiate the North American trade deal of Trump's first term.

Summary is AI-generated, newsroom-reviewed.

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