Overview
- President Donald Trump told reporters in Ireland that Canada “wants to make a deal very badly” and that an agreement could arrive “fairly soon” if Ottawa lifts tariffs on some U.S. farm products.
- The United States has already applied 50% duties on about $20 billion of Canadian goods using Section 338 of the Tariff Act of 1930, a rarely used power that lets the president set high tariffs without a formal investigation.
- Canada has announced dollar-for-dollar retaliatory tariffs and domestic support for affected firms and workers, and both sides continue to publicly press demands over market access for autos and agriculture.
- Business groups and provincial officials warn the measures hit integrated North American supply chains, raising the costs of inputs and the risk of production disruptions for manufacturers and farmers.
- No formal restart of negotiations was announced and core sectoral disputes remain unresolved, leaving the dispute open to further escalation such as additional U.S. tariff threats on autos.