‘Tarrif, not negotiation’: Trump says he doesn’t expect Canada trade deal; August 1 deadline set for 35% duty

Donald Trump (AP file picture)

US president Donald Trump has stated he does not expect a trade cope with Canada earlier than his 1 August deadline, warning of heavy tariffs if talks fail.Speaking earlier than flying to Scotland on Friday, Trump stated, “We haven’t really had a lot of luck with Canada. I think Canada could be one where there’s just a tariff, not really a negotiation.“ Canadian prime minister Mark Carney, nonetheless, made it clear this week that Ottawa received’t be rushed. “Canada will not accept a bad deal,” he stated, pushing again towards US strain. Trump has threatened a 35% tax on Canadian items if no settlement is reached. But the tariff received’t apply to merchandise that fall below the present North American trade pact between the US, Canada, and Mexico. Washington has already imposed a 25% blanket tariff on sure Canadian items, a 50% tariff on aluminium and metal, and a 25% duty on all non-US-built vehicles and vehicles. Trump claims these steps will shield American jobs and business. Canada, which sends about 75% of its exports to the US, may take a significant hit, particularly its auto sector, which is carefully tied to the American market. Talks between the 2 sides have been ongoing since Carney took workplace in May, however progress has been gradual. Meanwhile, Trump has introduced trade offers with different international locations, together with Japan, which agreed to a 15% tariff in trade for a $550 billion funding within the US.