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President Donald Trump said trade talks with Canada are not a focus for his administration right now, and instead of negotiating a deal, he may decide to just leave import taxes in place.

The two sides have been zeroing in on an agreement that would see the EU face 15% tariffs on most of its trade.

President Donald Trump put the odds of striking a trade deal with Europe to reduce the tariff rate on their imports at 50-50, even as diplomats from the trading bloc have expressed optimism.

The pair spoke to reporters while overseeing restoration work being done at the Fed's headquarters, with the president and the central bank leader almost immediately arguing over its cost.

Indian Commerce Minister Piyush Goyal called U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer “very dear friends.”

This year started off with 250 deals during the first quarter, and then 276 deals in the second quarter, despite market conditions.

Optimism is growing at truck maker Paccar about order levels and demand for new tractors in the second half of 2025 and in 2026, said CEO Preston Feight.

U.S. automakers face a 50% tariff on steel and aluminum and a 25% tariff on parts and finished vehicles, with some exceptions for products covered under the USMCA that went into effect in 2020.

Member states could be ready to accept a 15% tariff and EU officials are pushing to have that cover sectors including cars.

The 30% tariffs will be imposed in the event of no deal and if President Donald Trump carries through with his threat to impose that rate on most of the bloc’s exports after Aug. 1.