The Trump administration has lowered expectations that the United States and Canada will reach a last-minute agreement before a new round of tariffs takes effect on Wednesday, according to a ChainCatcher report. A person familiar with the matter said the odds of securing a deal on Tuesday were "50-50 or less." The two sides are facing a midnight deadline, after which Canadian goods worth billions of dollars would be hit with a 50% tariff. Trump is also expected to speak again with Canadian Prime Minister Carney on Tuesday. The report points to shrinking optimism inside the U.S. government as the deadline approaches, while talks continue under mounting time pressure.
The Trump administration has lowered expectations for a last-minute agreement between the United States and Canada as a new round of tariffs is set to take effect on Wednesday, according to ChainCatcher.
A person familiar with the matter said the chances of reaching a deal on Tuesday were "50-50 or lower." The two sides are facing a midnight deadline, after which Canadian goods worth billions of dollars would face a 50% tariff.
Trump is expected to hold another call with Canadian Prime Minister Carney on Tuesday.
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