08-07-2025
Canada in crosshairs as Trump delays global tariffs, leaving Ottawa scrambling to strike high-stakes deal
US President
Donald Trump
has officially delayed a sweeping round of global tariffs that were set to take effect this week, but
Canada
remains on its fast-approaching trade deadline.
White House
Press Secretary Karoline Leavitt announced that Trump would sign an executive order pushing the new tariff deadline to August 1 on Monday, giving countries more time to negotiate bilateral trade deals with the United States.
The tariffs, first introduced in April as part of Trump's so-called 'reciprocal' trade agenda, were aimed at pressuring foreign governments to accept higher import duties unless they agreed to new US-favored terms.
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Letters threatening the tariffs were sent Monday to at least 14 countries, including Japan and South Korea, and were posted to the president's
social media
accounts.
No extension for Canada
Live Events
Despite the delay, Canada is not part of this global extension. Ottawa is still expected to finalize a bilateral agreement with the US by July 21, a deadline set in talks between Trump and Prime Minister Mark Carney earlier this year.
Canada's trade discussions with the US are centered around a new economic and security partnership, launched after Carney visited the White House in May. Talks briefly stalled in June after Trump demanded that Canada scrap its digital services tax. The Canadian government officially dropped the tax just before it was set to be collected on June 30.
While Canada is not facing the 'Liberation Day' tariffs targeting other countries, it is still dealing with separate US tariffs on steel, aluminum, autos, and products linked to fentanyl-related enforcement. Those include 25 percent tariffs on certain goods and a 10 percent duty on energy and potash exports that fall outside of the existing Canada-US-Mexico Agreement (CUSMA).
International affairs expert Fen Osler Hampson of Carleton University says Canada may benefit from waiting to see what terms other nations agree to before finalizing its deal.
'There's probably what I would call a last-mover advantage,' Hampson told Canadian Press. 'You want to come in with a tariff that is lower than what [others] have negotiated because that's going to make you more competitive.'
Meanwhile, the US has reached preliminary trade frameworks with the United Kingdom and Vietnam. Treasury Secretary Scott Bessent said Monday that more trade announcements are expected 'in the next 48 hours.'
Trump defended the delayed rollout of the tariffs, saying the administration is focused on 'the quality of the deals, not the quantity.'
