Ottawa, August 18 (Post Bureau): Amid trade tensions between Canada and the United States, US President Donald Trump and Canadian Prime Minister Mark Carney held talks again on Tuesday afternoon. It was the second meeting between the two leaders in two days. The US has threatened to impose new tariffs of up to 50 per cent on about $20 billion worth of Canadian goods. These include many products including cement and hockey sticks. If the two sides do not reach an agreement, the proposed tariffs are likely to take effect after midnight on Wednesday. Canadian and American officials have been at loggerheads since the last minute. are engaged in negotiations. Some trade experts believe that the last-minute talks show hope for an agreement, while other analysts say Trump is using the tariffs as a means of exerting pressure. Experts have warned that the new tariffs could hurt Canadian industry as well as American consumers and farmers. In particular, it is feared that it will have a major impact on Canada’s timber and agricultural sectors. In the meantime, the biggest challenge for Canada is to maintain its pressure in the negotiations with the US while minimizing the economic damage caused by the new tariffs.
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