The Globe and Mail reports in its Tuesday edition that the European Union will suspend its countermeasures to U.S. tariffs for six months following an agreement with President Trump, according to a Commission spokesman. A Reuters dispatch to The Globe reports that the deal, however, leaves many issues unresolved, such as tariff rates on spirits, and Mr. Trump's recent executive order imposing a 15-per-cent tariff on most EU goods did not include exceptions for cars and parts. EU officials anticipate more executive orders soon. The retaliatory tariffs consist of two parts: one responding to U.S. steel and aluminum duties, and the other to Mr. Trump's automotive tariffs. Canada has not reached a trade pact with the United States, missing an Aug. 1 deadline set by Mr. Trump. Consequently, U.S. tariffs on Canadian goods not covered by the United States-Mexico-Canada Agreement increased from 25 per cent to 35 per cent. Talks with the U.S. continue. Mexico did not reach a deal with the U.S. but received a 90-day extension for talks before any new tariffs. The EU's trade deal with Mr. Trump in July brought mixed reactions, with 15-per-cent tariffs on most products and ongoing negotiations for sectors like steel and aluminum.
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