President Donald Trump acknowledged that trade negotiations with Canada have stalled, with little indication that a breakthrough is imminent. As the Friday, Aug.1 deadline approaches, optimism remains low on both sides of the border.
Trump downplayed the urgency of reaching an agreement, stating that finalizing a deal with Canada hasn’t been a top priority for his administration. Meanwhile, Canadian officials appear more invested in achieving a resolution that safeguards the economic interests of their citizens.
Should the two countries fail to come to terms, the consequences could be significant, as importers relying on Canadian goods may face tariffs as high as 35%.
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