Trump says he expects Canada trade deal within weeks as import ban looms - Castanet

Planning a trip south with a bottle of Canadian whisky or Niagara wine in your luggage? You may want to leave it at home. New U. S. import restrictions that took effect Sept. 29 prohibit certain Canadian-made products from entering the country. The measures cover a wide range of alcohol, some whey and molasses products, non-alcoholic beer and certain motorcycles. For Canadian travellers, there's an important distinction: these goods aren't simply facing higher tariffs. Products covered by the new rules are banned from importation. Can I bring one bottle of Canadian alcohol into the U. S.? For the Canadian alcohol covered by the new rules, travellers should not assume the usual personal allowance applies. The U. S. Alcohol and Tobacco Tax and Trade Bureau now warns that certain alcoholic beverages that are products of Canada are "excluded from importation" as of Sept. 29. It directs questions about the prohibition to U. S. Customs and Border Protection. That means paying duty at the border does not turn an affected product into an admissible one. The ban replaced the 50 per cent tariff that previously applied to those specific products.

It’s been an eventful weekend in the world of politics, markets and the U. S. economy. From President Donald Trump’s latest trade comments to diesel prices, gold, jobs and proposed changes to Head Start, here’s a quick look at the top stories that made headlines. Trump Expects Canada To Seek A Trade DealPresident Donald Trump said Canadian officials could approach the U. S. within the next three or four weeks to resolve the ongoing trade dispute. Trump said Ottawa would seek to "get rid" of all tariffs and pursue what he described as a fair agreement, suggesting the administration expects Canada to initiate the next stage of negotiations. Read the full article here. Diesel’s Problem Is Location, Not ProductionThe U. S. produces more diesel fuel than it consumes, yet prices remain elevated. According to Phillip Bruner, a professor at the University of Washington’s Foster School of Business, the central issue is distribution, with the cost of moving fuel to coastal regions adding pressure to prices. Read the full article here. Gold Is Not Behaving Like The Expected Safe HavenGold has faced a challenging 2026 despite a Gulf war, an oil shock and inflation remaining above 3%.