Trump says Canada is 'working very hard' to make a deal with US
SPY•Donald Trump said Canada is working hard to reach a trade deal with the US, adding that the US has “all the cards.” The trade standoff has continued since talks broke down in August, triggering new tariffs and retaliation.
1. Trade talks remain stalled
“Canada is working very hard to make a deal with us, and I hate to say this, but we have all the cards,” Trump told reporters at the White House. The US and Canada have been locked in a trade standoff since talks broke down in August, triggering new tariffs and retaliation on both sides of the border.
2. Rift between allies widens
The breakdown has widened a rift between the longtime allies, who have blamed each other for the failed talks. It has spurred Canadian Prime Minister Mark Carney to urge a further shift away from Canada's biggest trading partner and cast doubt on the viability of the US-Mexico-Canada Agreement.
