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Mark Carney also said his government would waive 2026 model year vehicles from Canada’s zero-emission standard and review the overall mandate, confirming a Bloomberg News report.

The freight market showed signs of recovery in the second quarter despite ongoing issues preventing it from truly turning a corner, according to experts.

Tariffs under Section 232 of the Trade Expansion Act are already in place for steel and aluminum and have compelled truck makers to increase their prices.

Smaller firms in particular are struggling to cope with unprecedented requirements to trace paper trails for every widget and gadget, showing what’s in them and where they came from.

President Donald Trump signed an executive order Sept. 4 implementing his trade agreement with Japan, under which the U.S. will impose a maximum 15% tariff on most of its products.

Canada is facing tariffs on its steel, aluminum, auto and lumber exports, but minister Dominic LeBlanc didn't say whether quota limits in those sectors are part of the negotiations. 

The world’s two largest economies have yet to reach a trade deal, and manufacturers in China have been seeking alternative markets for their goods as they brace for higher U.S. tariffs.

The country’s trade shortfall with the world was C$4.9 billion ($3.5 billion) in July, according to Statistics Canada data released Sept. 4.

The surge in imports was driven by industrial supplies, which rose to the highest level in four months amid a surge in inbound shipments of gold.

The appeal calls for putting the case on a highly expedited schedule with arguments in early November, according to filings reviewed by Bloomberg.