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Market Chatter: Tentative US-Canada Deal Could See 25% Tariffs on Certain Canadian Steel, Aluminum

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A tentative trade deal with the US could see tariffs on certain Canadian exports of steel and aluminum halved to 25%, Bloomberg reported Wednesday afternoon.

Talks between US and Canadian trade negotiators continued Wednesday, after President Donald Trump paused the 50% levies on C$28 billion of Canadian goods that were to come into effect today.

Canadian steel and aluminum currently face up to a 50% tariff.

Prime Minister Mark Carney's office has been reached for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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