Canada, Britain Strike New Trade, Beating Brexit Deadline

Canada, Britain Strike New Trade, Beating Brexit Deadline
Minister of International Trade Mary Ng watches pre-recorded footage from an earlier videoconference that she participated in with Canadian Prime Minister Justin Trudeau, UK Prime Minister Boris Johnson, and UK International Trade Secretary Liz Truss, during a news conference on the Canada-United Kingdom Trade Continuity Agreement in Ottawa on Nov. 21, 2020. The Canadian Press/Justin Tang
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OTTAWA—Canada and Britain have struck a new trade deal, beating the Dec. 31 Brexit deadline that would have triggered new tariffs on a range of Canadian exports.

The interim deal will replace Canada’s current agreement with Britain under the European Union that currently covers trade between the two countries, until a new formal pact can be negotiated in the coming year.