According to people familiar with the matter, the Trump administration is downplaying expectations that the US and Canada will reach a last-minute agreement to avoid new tariffs that will take effect on Wednesday. The US side said privately that the two sides are only likely to reach an agreement on Tuesday, 5 or even less. The two countries need to reach an agreement before the midnight deadline, otherwise the US will levy 50% tariffs on Canadian goods worth billions of dollars.

According to people familiar with the matter, the Trump administration is downplaying expectations that the US and Canada will reach a last-minute agreement to avoid new tariffs that will take effect on Wednesday. The US side said privately that the two sides are only likely to reach an agreement on Tuesday, 5 or even less. The two countries need to reach an agreement before the midnight deadline, otherwise the US will levy 50% tariffs on Canadian goods worth billions of dollars.