Sat Jul 26 06:10:00 UTC 2025: **Summary:**
President Trump has expressed pessimism about reaching a trade deal with Canada, suggesting the US may resort to tariffs instead. His comments followed meetings between Canadian officials and US Republican senators in Washington. The Canadian dollar remained relatively stable despite Trump’s remarks. Canadian Prime Minister has recently set lower expectations on reaching a deal by the earlier set deadline of August 1.
**News Article:**
**Trump Threatens Tariffs on Canada, Signals Trade Deal Impasse**
WASHINGTON – President Donald Trump cast doubt on the possibility of a new trade agreement with Canada on Friday, suggesting the US may impose tariffs instead. “We haven’t really had a lot of luck with Canada,” Trump told reporters, adding, “I think Canada could be one where they’ll just pay tariffs, not really a negotiation.”
His remarks follow a series of meetings between Canadian officials and Republican senators in Washington on Thursday, indicating a continued effort to engage with US lawmakers. Commerce Secretary Howard Lutnick also met with Canadian Minister Dominic LeBlanc earlier in the week.
Despite Trump’s comments, the Canadian dollar showed little reaction, trading at C$1.3695 per US dollar.
The President’s hardline stance comes as Canadian Prime Minister Justin Trudeau has recently lowered expectations of reaching a deal by the previously discussed August 1 deadline, stating Canada will not compromise on its principles simply to reach an agreement. The future of trade relations between the two countries remains uncertain.
First Piper 