U.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.
- Just days before the Aug. 1 tariff deadline, Trump said `we haven’t been focused on finalizing a trade deal with Canada`, occurring last week.
- In addition to Canada, he warned of high tariffs on other nations, including Brazil, Mexico, and South Korea.
- In Ottawa, Carney warned `our objective is not to reach a deal whatever it costs`, while LeBlanc said he was encouraged after talks 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 that if no deal is reached by August 1, the European Union plans to impose a 30% levy on American goods, and Canada will face copper tariffs next month.
57 Articles
57 Articles
The deadline set by the U.S. President before 35% rates arrives next week.
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