US President Donald Trump stated he does not expect to reach a trade deal with Canada by the August 1 deadline, hinting at potential tariffs instead of a negotiated agreement. This comes as Canadian Prime Minister Mark Carney indicated Canada will not rush into a "bad deal."

• US importers buying goods from Canada could face a 35% tax if no deal is reached.
• Trump has already imposed a blanket 25% tariff on certain Canadian goods, 50% on aluminum and steel, and 25% on cars and trucks not built in the US.
• Canada sells three-quarters of its products to the US, with their auto industries deeply intertwined.