US President Donald Trump has expressed his disbelief in reaching a trade deal with Canada, following the country’s August deadline to reach an agreement. Trump stated that Canada could be a tariff-based negotiation rather than a negotiation. This comes after Canadian Prime Minister Mark Carney indicated that Canada would not accept a bad deal and rush into an agreement. Canada is among several countries given an August deadline by Trump as part of his global tariff strategy and push to renegotiate deals with US trade partners. If no deal is reached before the deadline, US importers buying in goods from Canada will face a 35% tax. Trump has already imposed a 25% tariff on imports of certain Canadian goods, a 50% tariff on aluminium and steel imports, and a 25% tariff on all cars and trucks not built in the US. The move has disrupted the global economy and prompted warnings from critics that products could become more expensive for US consumers.
Trump has stated that the US may not be able to reach a trade deal with Canada.
