Trump says Canada trade deal could come soon after 400% tariff dispute

  • President Donald Trump said a trade deal with Canada could arrive fairly soon.
  • 400% tariffs were cited by Trump as a burden on US farmers.
  • August talks collapsed before Canada and the US exchanged further trade measures.

President Donald Trump said a trade agreement with Canada could come fairly soon, while providing no details on whether formal negotiations had resumed. He said Canada needed to improve treatment of US farmers, whom he accused of facing 400% tariffs, and avoided answering whether he intended to withdraw from the US-Mexico-Canada Trade Agreement. The dispute has expanded beyond tariffs, with measures affecting consumer goods, steel and other products, raising risks for supply chains including auto manufacturing. The confrontation also carries domestic political risks for Trump and Republicans ahead of November's midterm elections, particularly in states such as Michigan, while high prices remain a concern for voters. Trump has also threatened to halt sales of Canada-based Bombardier Inc. jets in the US and questioned the value of Canada's currency.

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