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Aug 11, 2026 5:53 PM - Connect Newsroom - Ramandeep Kaur with files from The Canadian Press

Canada-U.S. Trade Talks Enter Final Stage as Possible Deal Takes Shape

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The discussions are part of efforts to avoid new 50 per cent tariffs on Canadian exports that are set to take effect on August 19. (Photo: The Canadian Press)

Canada-U.S. trade talks appear to be entering a critical final stage, with Trade Minister Dominic LeBlanc and U.S. Trade Representative Jamieson Greer potentially presenting the outline of a possible deal to President Donald Trump by Monday.

The discussions are part of efforts to avoid new 50 per cent tariffs on Canadian exports that are set to take effect on August 19. LeBlanc met with Greer in Washington on Tuesday, marking their third meeting in three weeks.

According to reports, the two countries are discussing a potential agreement under which Canada could agree to some U.S. demands in exchange for tariff relief on key sectors, including steel, aluminum, lumber and automobiles.

Canada is also seeking to use the negotiations to extend the CUSMA trade agreement. The Trump administration declined to renew the agreement in July.

Sources say that if a preliminary agreement is reached, the two sides could move on to negotiations over other issues, including defence and rules of origin for the auto sector.

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