Trump says Canada may ‘just pay tariffs' as trade talks stall
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'We haven't really had a lot of luck with Canada,' Trump told reporters on Friday morning.
'I think Canada could be one where they'll just pay tariffs, not really a negotiation,' he added. 'We don't have a deal with Canada. We haven't been focused on that.'
The Canadian dollar had a muted reaction to the remarks, which were similar to previous comments by the president. The Canadian dollar was trading at C$1.3695 per US dollar as of 10.27am in New York.
The president's statements come a day after Canadian officials held a series of meetings in Washington with Republican senators. Commerce Secretary Howard Lutnick also met on Wednesday night with Dominic LeBlanc, the Canadian minister in charge of US trade.
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Prime Minister Mark Carney has also lowered expectations recently of reaching a deal with Trump by August 1, saying Canada won't sign a bad agreement just to get one done.
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