President Donald Trump says his August 1 tariff deadline "will not be extended," leaving many countries with just hours to make a deal. (Aaron Schwartz/CNP/Bloomberg via Getty Images)
"We haven’t really had a lot of luck with Canada. I think Canada could be one where they’ll just pay tariffs. It’s not really a negotiation," Trump said of the negotiations with our neighbor to the north on Friday.
Carney himself said on Monday that negotiations have reached an "intense phase."
"It’s a complex negotiation. You see with the various trade deals that have been agreed to by other jurisdictions — the European Union yesterday, Japan before that, Indonesia, United Kingdom — that there are many elements to these negotiations. We’re engaged in them. But the assurance for Canadian businesses, for Canadians, is we will only sign a deal that’s a good deal, the right deal for Canada," he told reporters Monday.
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According to the US Trade Representative (USTR), Canada is America's third-largest importer, totaling $412.7 billion in 2024. The U.S. exported $349.4 billion to Canada in the same year.
Trump sent a similar letter to Mexican President Claudia Sheinbaum earlier this month, this one threatening a 30% tariff.
The window for tariff negotiations with China is likely to be extended, says Commerce Secretary Howard Lutnick. (Ton Molina/Bloomberg via Getty Images)
Commerce Secretary Howard Lutnick told Fox News on Monday that the deadline for China could be extended even further than August 12, though that decision will be up to Trump.
Trump warned South Korean President Lee Jae Myung in a July 7 letter that the country would face a 25% blanket tariff if a deal isn't reached by August 1.
US IS IN A ‘SUPER PLACE,’ SAYS COMMERCE SECRETARY ON CHINA TRADE TALKS
Lee's office said late last week that it was preparing a proposal. Lutnick met with three top Korean officials in Washington this week, though no news has come out of the meeting.
Taiwan has yet to reach a trade deal with the Trump administration, but Taipei has a delegation in Washington hoping to reach one before August 1, Reuters reported Wednesday.
The self-governed island is facing a 32% tariff if it does not secure a deal.
President Donald Trump says the threatened 50% tariff on Brazilian goods comes as a consequence of the "witch hunt" against former President Jair Bolsonaro. (AP Photo/Evan Vucci and Evaristo Sa/AFP via Getty Images)
Trump credited the higher rate to Brazil's prosecution of former President Jair Bolsonaro, who many compared to Trump himself. The U.S. president said Bolsonaro was the victim of a "witch hunt."
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Lula's regime has requested that the U.S. exempt certain industries from the tariffs, but a deal before August 1 appears unlikely.
Anders Hagstrom is a reporter with Fox News Digital covering national politics and major breaking news events. Send tips to Anders.Hagstrom@Fox.com, or on Twitter: @Hagstrom_Anders.
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