Overview

• U.S. Ambassador Pete Hoekstra said he is confident the negotiations will deliver a win-win deal for both countries
• Negotiations picked up on July 5 after Canada agreed to withdraw its proposed digital services tax following U.S. objections
• U.S. tariffs of 50% on imported steel, aluminum, cars and trucks remain in force alongside Canadian counter-tariffs on billions of dollars of American goods
• President Trump and Prime Minister Mark Carney have agreed on a July 21 deadline to finalize a new trade framework
• Companies reliant on cross-border supply chains have reported rising costs and disruptions that have intensified calls for a swift resolution