Tariff Tensions: U.S.-Canada Trade Talks Reach Critical Juncture
Tensions escalate as U.S. President Donald Trump warns countries, including Canada, of increased tariffs if bilateral deals are not reached by the deadline. Despite optimism from Canadian Prime Minister Mark Carney, talks remain unresolved, with a 35% tariff looming over Canadian goods. Both leaders express readiness for continued negotiations.
President Donald Trump announced on Wednesday that Canadian Prime Minister Mark Carney reached out ahead of the looming tariff deadline. However, no discussions have taken place yet. Trump warned that countries not reaching a deal with the U.S. before the deadline would face higher tariffs, including a 35% rate on Canadian goods not under the U.S.-Mexico-Canada agreement.
'We haven't spoken to Canada today. He's (Carney) called and we'll see,' Trump stated at the White House. Carney's office remained silent on requests for comments. While Carney earlier described trade talks with Washington as constructive, he acknowledged that the negotiations might not conclude by the deadline.
Trump pointed out that achieving a deal looks difficult after Ottawa's step towards recognizing Palestinian statehood. Despite this, he does not consider it a deal-breaker. Expressing concern about high tariffs on U.S. farmers, Trump emphasized Canada's poor treatment of the United States over the years. In response, U.S. Commerce Secretary Howard Lutnick suggested that Canada could circumvent the 35% tariffs if Carney adopts a more conciliatory approach.
(With inputs from agencies.)
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