National Economic Council director says the U.S. and Canada are close to reaching a trade deal.
The White House released a fact sheet outlining President Donald Trump’s recent modifications to the Section 338 tariffs on Canadian products. The changes go into effect October 30.
The White House stated, “To continue effectively offsetting the burden to U.S. commerce while better serving the public interest, President Trump is further modifying Proclamation 11048 (Imposing Additional Duties To Offset Canadian Discrimination Against the Commerce of the United States With Respect to Motor Vehicles), as amended, by removing certain products — such as plywood sheets, some paper products, certain machinery and refrigeration equipment, and certain packing crates and boxes — from the scope of the Section 338 tariffs and replacing those products with certain valves, carpets, waste products, and others.”
The release continued, “These Section 338 tariffs apply to all covered goods regardless of whether a good originates under the U.S.-Mexico-Canada Agreement (USMCA), and they apply in addition to tariffs imposed under Section 232 of the Trade Expansion Act of 1962.”
“I am pleased to have secured additional tariff exemptions products crucial to Maine’s agricultural industries, including blueberry, potato, apple, and seaweed producers,” stated Senator Susan Collins of Maine. “Many of our farmers and growers rely on specialized equipment, packaging materials, and other products from Canada that are either unavailable from American suppliers or cannot be replaced without incurring significant expense.”
White House Economic Advisor Kevin Hassett stated that U.S.-Canada trade negotiations have progressed, adding that “it’s very close to having a deal.”
As the Lord Leads, Pray with Us…
- For wisdom for President Trump as he assesses and modifies tariff proclamations.
- For Senator Collins and other federal legislators as they provide feedback to the president and his administration on trade policies.
- For Commerce Secretary Lutnick and U.S. Trade Representative Greer as they engage in trade negotiations with Canadian officials.
Sources: The White House, Townhall, MSN, USA Today
