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Canada warned not to ‘take just any deal’ as Trump tariff deadline nears

  • On Sunday, the leaders of the United States and the European Union revealed a trade deal that establishes a 15 percent tariff on the majority of goods exchanged between their regions.
  • This follows ongoing U.S. tariff threats, with Canada still without a deal and facing a possible 35 percent tariff on exports if no agreement is reached by Trump's August 1 deadline.
  • An expert who previously served in the White House emphasized that Canada must firmly reject any agreement that does not meet its standards, noting that relations between the U.S. and Canada have become more strained compared to U.S.-EU ties.
  • Haas remarked that tariffs do not promote sustained economic growth, mentioned both nations are preparing for possible tariffs, and indicated the deadline might be adjusted based on economic developments.
  • Canada has increased its customs scrutiny and withdrawn plans for a digital services tax in response to U.S. pressures, but with the August 1 tariff deadline approaching, reaching an agreement continues to be difficult.
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NNY360 broke the news in on Monday, July 28, 2025.
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