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US Set to Cut Tariffs on Canada Metals, Autos in Trade Deal
Posted
August 20, 2026
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4:08Now PlayingThe tentative trade deal between the US and Canada would lower tariffs on certain Canadian exports of steel and aluminum to 25% and cut duties on Canadian auto exports to 15%, according to people familiar with the matter.
Tariffs on the non-US content in autos exported from Canada would be reduced to 15% from 25%, and the move on steel and aluminum under discussion would generally halve US tariffs on imports of the two metals. Bloomberg's Derek Decloet joins to discuss.
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