TRUMP TO EASE 50 % CANADA TARIFFS ON FARM EQUIPMENT , PACKAGING GOODS

What happened: The Trump administration is reportedly preparing to lift 50% tariffs on a range of Canadian farm, food production and packaging goods, though a White House official called preliminary reports speculation. Key numbers: Exemptions span nine product categories. Why it matters: Senator Susan Collins said she lobbied USTR Jamieson Greer and Commerce Secretary Howard Lutnick, citing input costs for producers. The Journal reported the relief could be offset by higher levies on other Canadian imports, and no substantive U.S.-Canada talks have occurred since August.

The Trump administration is reportedly preparing to lift 50% tariffs on a range of Canadian farm, food production and packaging goods, though a White House official called preliminary reports speculation.

Senator Susan Collins said she lobbied USTR Jamieson Greer and Commerce Secretary Howard Lutnick, citing input costs for producers. The Journal reported the relief could be offset by higher levies on other Canadian imports, and no substantive U.S.-Canada talks have occurred since August.