Canada, US Not Yet Ready to Make Tariff Deal, Canada Unsatisfied With Latest US Offer

• As the clock ticks toward U.S. President Donald Trump's latest tariff deadline, Canada and the U.S. aren't at a point where a tariff deal can be reached.
• Canadian officials are not satisfied with the latest U.S. offer, according to two sources with knowledge of the trade talks. According to sources on both sides of the border, the Americans offered a new proposal on Tuesday which would lower some of the sectoral tariffs but not to the degree that the Canadian side would like to see.
• LeBlanc, the Canada-U.S. Trade Minister, posted to X saying that discussions are "ongoing" and he and Charette, Canada's chief trade negotiator, will "continue to engage at the negotiation table." In addition to trying to dissuade Americans from levying new tariffs, LeBlanc and Charette are looking for relief on tariffs the U.S. has slapped on Canadian steel, aluminium, lumber and autos.
• Negotiators have been going back and forth in recent weeks in an effort to reach some sort of deal before Aug. 19, which is when Trump has promised a 50 per cent levy on hundreds of Canadian goods in addition to the sectoral tariffs already in place. The Americans are seeking a deal that would see preferential access to Canadian critical minerals and cover security and energy, the sources said.
• Sources told CBC News last week that the Canadian side has aggressively argued to the Americans that there would be no political appetite among Canadians to keep talks going if the Aug. 19 tariffs come into place.
• Canada is also hoping the ongoing trade talks between the two countries will result in a renewal of the Canada-U.S.-Mexico Agreement (CUSMA) after the Trump administration last month declined to extend the deal past 2036.

(Source: MSN)