Trump Says US and Canada Reach Trade Deal, Hints at Iran Talks

President Trump made two big announcements to reporters at the White House: the US and Canada have reached a trade deal, and negotiations with Iran might happen in the future.

The Canada Deal

Trump said the two countries "came to a deal" after a good conversation with Canada's Prime Minister Carney. But he warned it is still subject to finalisation — meaning it's agreed in principle but not officially signed and locked in yet.

This news follows a three-day pause on planned 50% tariffs (tariffs are taxes a country charges on goods coming in from another country; higher tariffs make imported products more expensive).

Key points on Canada:

• The deal is close but not fully confirmed
• It helped support the Canadian dollar (nicknamed the "loonie")
• However, most of this good news was already "priced in" — meaning traders expected it, so the currency didn't jump much. The loonie is mostly rising because the US dollar is weak.

Trump also spoke about the Strait of Hormuz — a narrow but hugely important shipping route where a large share of the world's oil passes through. He noted many ships passed through overnight.

On Iran, Trump said negotiations "may be at some point," keeping the door open but not committing to anything specific.

He also predicted oil prices will be "a lot lower" once the war ends. This makes sense: when conflict eases, oil can flow and ship more freely, increasing supply. More supply usually means lower prices.

Why This Matters

Right now, markets are actually being driven more by a surprise US Treasury announcement (the Treasury manages the government's money and debt). Analysts warn that if the US–Iran situation isn't resolved soon, it could push up inflation (the general rise in prices over time), partly because unresolved tensions can keep oil prices high.

Bottom line: A trade deal with Canada is nearly done, and there's hope that calmer relations with Iran could eventually bring cheaper oil — but nothing is guaranteed yet.

This is an AI-generated summary. Read the original article at: https://investinglive.com/news/trump-tells-reporters-us-and-canada-reached-a-deal-suggests-iran-negotiations-continue/