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Canada downplays chances of trade deal ‘at any cost’ with US

CANADA, JUL 23 – Prime Minister Mark Carney insists Canada will only accept the best trade deal with the U.S. amid threats of 35% tariffs and prepares countermeasures to protect key industries.

  • On Tuesday, Prime Minister Mark Carney downplayed the importance of the Aug. 1 deadline, emphasizing the goal to get the best deal for Canadians.
  • Without a deal by Aug. 1, Trump threatened to raise tariffs effective August 1, as premiers prioritize getting the best deal over rushing negotiations.
  • Several provinces signed trade, energy and infrastructure deals, and passed Bill C-5 to support projects, with the major projects office opening by Labour Day.
  • Provinces voiced confidence as Ontario Premier Doug Ford said, while Nova Scotia Premier Tim Houston added, `we’re galvanised` with `tremendous confidence` in the prime minister.
  • Next, negotiations will continue in Washington, and Mark Carney said that Canada-U.S. Trade Minister Dominic LeBlanc will be in Washington this week, emphasizing the ongoing effort to secure the best deal for Canada.
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Washington.- The government of Canada will take all the time necessary to accept the best agreement with the Trump administration regardless of the August 1 deadline when the United States would impose a 35 percent tariff on its exports outside the regional trade agreement (T-MEC).After a working visit this week that included a meeting with the US Secretary of Commerce, Howard Lutnick, the Canadian Minister in charge of trade negotiations with t…

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Trump announces more trade deals as deadline looms for higher tariffs on Canada

WASHINGTON — U.S. President Donald Trump announced more trade deals this week as his deadline for Canada and the United States to negotiate a new economic and security partnership draws closer.

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Global News broke the news in Toronto, Canada on Tuesday, July 22, 2025.
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