US EditionU.S. and Canada might not reach trade deal, Trump says
CANADA, JUL 25 – President Trump said trade talks with Canada have stalled and tariffs may be imposed after the August 1 deadline, with $64 billion collected in customs duties by June 30.
- During a Friday news briefing, Trump admitted he hasn’t been focused on finalizing a trade deal with Canada, occurring just days before the Aug. 1 tariff deadline.
- In addition to Canada, Trump threatened a 50% tariff on Brazil, 30% on Mexico, and 25% on South Korea, as part of a broader tariff strategy.
- In Ottawa, Carney warned `our objective is not to reach a deal whatever it costs`, while LeBlanc expressed encouragement after a meeting with U.S. officials.
- The statement sent ripples through markets as Canada’s main stock index scored a triple-digit gain on Friday.
- In the coming weeks, European officials warned, the EU plans to impose a 30% levy on American goods if Aug. 1 passes without a deal, and Canada will face copper tariffs next month.
59 Articles
59 Articles
The deadline set by the U.S. President before 35% rates arrives next week.
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U.S. Moves to Tariffs Over Talks as Canada Deal Ends, EU Retaliation Grows
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