U.S., Canada race for deal to avert Trump’s threat of 50% tariffs

The United States and Canada are moving closer to a deal to avert the imposition of punitive 50% tariffs on such Canadian products as hockey sticks, wine, and cement, according to industry executives and trade specialists following the talks. Details remain fluid, and recent talks were contentious as both sides race to make a deal ahead of an early-Wednesday deadline. But the emerging accord could pair Canadian tariff concessions along with commitments on energy, defense, and critical minerals in return for the U.S. agreeing to shelve President Donald Trump’s new Section 338 tariffs and relax levies on steel and aluminum,…