Trump says no focus on Canada trade talks, tariffs likely to remain

[USA Canada Trade War]
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U.S. President Donald Trump said Friday that trade talks with Canada are not currently a priority for his administration, suggesting he may opt to maintain existing tariffs rather than pursue a new agreement.

“We haven’t really had a lot of luck with Canada,” Trump told reporters 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 showed little reaction to the comments, which echoed Trump’s earlier remarks on trade relations with Canada.

Earlier this month, President Trump announced a 35% tariff on Canadian imports, warning of additional hikes if Ottawa retaliates. The tariffs, outlined in a letter to Prime Minister Mark Carney and posted on Truth Social, are set to take effect on August 1.

The move was a blow to Carney’s efforts to secure a trade deal with Washington and marked an escalation from the previous 25% tariff Trump had imposed on Canada.

Here is a list of ETFs to track the broader U.S. market: (NYSEARCA:SPY [https://seekingalpha.com/symbol/SPY]), (NYSEARCA:VOO [https://seekingalpha.com/symbol/VOO]), (NYSEARCA:IVV [https://seekingalpha.com/symbol/IVV]), (NYSEARCA:RSP [https://seekingalpha.com/symbol/RSP]), (NYSEARCA:SSO [https://seekingalpha.com/symbol/SSO]), (NYSEARCA:UPRO [https://seekingalpha.com/symbol/UPRO]), (NYSEARCA:SH [https://seekingalpha.com/symbol/SH]), (NYSEARCA:SDS [https://seekingalpha.com/symbol/SDS]), and (NYSEARCA:SPXU [https://seekingalpha.com/symbol/SPXU]).

And here are ETFs to track Canadian market: (BATS:BBCA [https://seekingalpha.com/symbol/BBCA]), (NYSEARCA:EWC [https://seekingalpha.com/symbol/EWC]), (NYSEARCA:FLCA [https://seekingalpha.com/symbol/FLCA]), (NYSEARCA:FXC [https://seekingalpha.com/symbol/FXC]).

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