Canada and Trump Engage in Tense Tariff Negotiations Amid Market Uncertainty

TL;DR Summary
Canada has paused its new tariff threats amid ongoing trade negotiations with the US, with both sides threatening to escalate duties if a deal isn't reached by the new deadline of July 21. The US has indicated it may impose a 35% tariff on Canadian goods not complying with the USMCA, while Canada maintains its current tariffs on US steel and aluminum. High-level discussions continue, with Canadian officials remaining confident about reaching an agreement.
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