Negotiations to modernize the North American Free Trade Agreement started last August and were initially scheduled to finish by the end of December.
Trade Mining News
Trump is due to unveil revisions to his initial tariff list targeting $50 billion of Chinese goods on Friday.
How did we get here and what does this ratcheted-up trade war mean for Canada, the United States and investors?
Some Republican lawmakers warn that Trump could trigger a trade war that would destabilize the economy and ultimately hurt American workers.
Canada retaliated against the latest punitive measures last week by proposing levies on C$16.6 billion worth of U.S. exports.
As of Tuesday, Mexico will impose tariffs of 15 percent to 25 percent on U.S. steel products.
The leaders spoke for the first time since the announcement in a 30-minute call and agreed to discuss the issue further at the G7 summit in Canada later this week.
The world’s two biggest economies need to agree on a new framework that will allow both of their economic systems to co-exist.
Canada's cabinet on Monday discussed how to protect the domestic steel and aluminum industry from U.S. tariffs.
The United States said it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union.
China says implementing tariffs will void agreements.
Aluminium in particular shows why tariffs are such a poor trade weapon.
Trump's tariffs on Washington's closest allies also drew condemnation at home from Republican lawmakers and the country's main business lobbying group.