According to a report in The Wall Street Journal on March 5, sources familiar with the matter revealed that U.S. and Canadian officials are in talks to lower or eliminate the tariffs imposed by President Trump on Tuesday, and added that an agreement could be reached as early as Wednesday.
U.S. and Canadian officials have been in contact on Tuesday, and added that Trump and Canadian Prime Minister Trudeau may also have a dialogue on the tariff issue on Wednesday. Earlier, U.S. Commerce Secretary Wilbur Ross said on Tuesday that Trump may be able to "reach some agreements" with Canada and Mexico to ease the 25% tariffs imposed by the U.S. earlier that day.
Ross also spoke with Doug Ford, the premier of Ontario, Canada's most populous province. A senior Canadian official said that on Tuesday evening, Ross also spoke with Canadian Finance Minister Bill Morneau.