Canada source: US also wants trade deal before Aug 19 deadline
window 24h
IN SHORT
The U.S. is reportedly seeking a trade deal with Canada before an August 19 deadline, with negotiations progressing well. Meanwhile, White House Press Secretary Karoline Leavitt is set to depart at the end of the month to focus on her children, though she will remain an outside advisor. Separately, a planned US-China 'Board of Investment' initiative has stalled, creating uncertainty ahead of a potential meeting between President Donald Trump and Chinese President Xi Jinping.
✉Newsletter
PiQ Daily
Pick your topics. Get only what matters, on your cadence.
Who's Involved
U.S.
nation involved in trade negotiations with Canada and investment initiative with China
Canada
nation in trade negotiations with the U.S.
Karoline Leavitt
White House Press Secretary departing at month's end
Donald Trump
U.S. President announcing Karoline Leavitt's departure and potentially meeting Xi Jinping
China
nation involved in investment initiative with the U.S.
Xi Jinping
Chinese President potentially meeting Donald Trump
1 / 2
Key facts
The U.S. and Canada aim to reach a trade agreement before August 19.
New tariffs would be triggered if a trade deal is not reached by August 19.
Canadian officials are meeting with U.S. counterparts.
White House Press Secretary Karoline Leavitt is departing at the end of the month.
Karoline Leavitt cited prioritizing her children as the reason for departure.
Karoline Leavitt will remain an outside advisor.
A planned US-China 'Board of Investment' initiative has stalled.
An anticipated meeting between President Donald Trump and Chinese President Xi Jinping is expected.
Negotiations between the U.S. and Canada are reportedly progressing well, with both sides aiming to reach a trade agreement before the August 19 deadline, which would trigger new tariffs. Canadian officials are actively meeting with their U.S. counterparts to finalize a deal. In personnel news, White House Press Secretary Karoline Leavitt will step down at the end of the month, as announced by President Donald Trump. Leavitt stated her decision is motivated by a desire to prioritize her children, and she will continue to serve as an outside advisor. On the international front, a planned US-China 'Board of Investment' initiative has reportedly stalled. This development introduces uncertainty regarding the initiative's potential launch, particularly as an anticipated meeting between President Donald Trump and Chinese President Xi Jinping approaches.
Frequently asked questions
The deadline for reaching a trade agreement is August 19, after which the U.S. has threatened to impose new tariffs.
President Donald Trump has threatened to impose new 50% tariffs on a range of Canadian imports.
The U.S. Trade Representative's office estimates that the new tariffs would cover nearly $20 billion of imports from Canada.
Key figures include Canadian Minister Dominic LeBlanc, Canadian chief trade negotiator Janice Charette, and U.S. Trade Representative Jamieson Greer.
What Happens Next
01Canadian Minister Dominic LeBlanc and U.S. Trade Representative Jamieson Greer will meet on Thursday.
02New U.S. tariffs on Canadian imports are scheduled to take effect on August 19 if no agreement is reached.
Get the newsletter.
Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.