U.S. President Donald Trump said a deal with Canada over their trade dispute could come soon. He also dismissed the possibility that the United States would exit the United States-Mexico-Canada Agreement (USMCA).
On the 13th local time, Bloomberg and other outlets reported that Trump, after meeting with Irish Prime Minister Micheál Martin in Dublin, Ireland, told reporters regarding a question about whether to withdraw from the USMCA, "We are doing very well."
He added, "We're going to have a great relationship with Mexico, and we have a good relationship with Canada," saying a trade deal with Canada could come "fairly soon."
However, he did not say specifically whether the two countries had resumed formal talks or when an agreement might be reached.
Trump identified the issue of tariffs Canada imposes on U.S. farmers as a key sticking point.
He said, "Canada should treat our farmers better," and "they should not impose a tariff on our farmers."
After last month's last-minute collapse of trade talks, the United States and Canada have escalated tensions by trading tariffs and import restrictions.
The United States, saying U.S.-made cars, dairy products, and liquor face discrimination in the Canadian market, imposed a 50% tariff on about $20 billion worth of Canadian goods.
Canada on the 8th imposed retaliatory tariffs on about $20 billion worth of U.S. goods.
In response, the United States rolled out additional measures banning imports of Canadian liquor, some dairy products, and motorcycles. The measures are set to take effect on the 29th.
As the dispute drags on, Canada is also stepping up efforts to reduce its economic dependence on the United States.
According to The Wall Street Journal (WSJ), Canadian Prime Minister Mark Carney is considering securing a status akin to an EU "associate member" as part of a plan to significantly strengthen ties with the European Union (EU).
Carney is said to have recently discussed the plan with leaders of major European countries including France, Germany, and Italy. He is also exploring ways to strengthen links with the European market in strategic supply chains such as critical minerals and defense.
Canada, however, is keeping the door open to talks with the United States. Carney recently said, "When the United States is ready, we are prepared to sit down and conclude a deal."