MNI BRIEF: Carney Casts Doubt On US Trade Deal By Aug 1

Canadian Prime Minister Mark Carney used some of his most skeptical language to date about reaching a U.S. trade deal by Aug. 1, when President Donald Trump says he will impose 35% tariffs.

“We will use all the time that’s necessary, and agree something that’s in the interest of Canadians if that’s available,” Carney told reporters Tuesday after a meeting with provincial premiers in Huntsville, Ontario. “We’re working positively for a deal, we will take stock if there isn’t one that works.” (See: MNI: Canada Pushed Bessent On Market Drop After Auto Tariff) The premier of Ontario, home to Canada's major automotive factories already under U.S. tariffs, said earlier Canada must retaliate dollar-for-dollar against any new U.S. levies.