US President Donald Trump has said he does not expect to reach a trade deal with Canada, after he gave the country a deadline of 1 August to carve out an agreement.<\/p>\n
“We haven’t really had a lot of luck with Canada,” Trump told reporters ahead of his trip to Scotland on Friday. “I think Canada could be one where there’s just a tariff, not really a negotiation.”<\/p>\n
His remarks come after Canadian Prime Minister Mark Carney signalled earlier this week that Canada “will not accept a bad deal” and rush into an agreement.<\/p>\n
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.<\/p>\n
Trump has said that US importers buying in goods from Canada will face a 35% tax if no deal is reached before the 1 August deadline. <\/p>\n
But that levy will not apply to goods compliant under an existing North American free trade agreement between Canada, the US and Mexico. <\/p>\n
Trump has already imposed a blanket 25% tariff on imports of certain Canadian goods, as well as a 50% tariff on aluminium and steel imports and a 25% tariff on all cars and trucks not built in the US.<\/p>\n
The US president has argued that these will boost American manufacturing and protect jobs. <\/p>\n
The move has disrupted the global economy, and prompted warnings from critics that products could become more expensive for US consumers.<\/p>\n
Canada sells three-quarters of its products to the US and its auto industry is deeply intertwined with its southern neighbour – making the impact of tariffs even more significant.<\/p>\n
The two countries have been engaged in intense trade and security negotiations since Prime Minister Carney took office in May. But Canadian officials have recently downplayed the possibility of reaching a deal soon.<\/p>\n
After a two-day visit to Washington, intergovernmental affairs minister Dominic LeBlanc told reporters on Thursday that negotiators “have a lot of work” in front of them. <\/p>\n
He described the ongoing talks as “productive” and “cordial”, but reiterated that Canada will take “the time necessary to get the best deal”.<\/p>\n
Trump has announced trade agreements with other countries in recent days, including Japan, which he said will face a lower tariff rate of 15% in exchange for a $550bn (\u00a3409bn) investment in the US.<\/p>\n","protected":false},"excerpt":{"rendered":"US President Donald Trump has said he does not expect to reach a trade deal with Canada, after…\n","protected":false},"author":2,"featured_media":291362,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[49,978,659],"class_list":{"0":"post-291361","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-united-states","9":"tag-us","10":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114915508520792478","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/291361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=291361"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/291361\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/291362"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=291361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=291361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=291361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}