Donald Trump mused about a baseline global tariff of 15 to 20 per cent as trade negotiations intensify between Canada and the U.S. Abigail Bimman has the latest

As Prime Minister Mark Carney says Canada has entered an 'intense phase' in trade negotiations with the U.S. ahead of President Donald Trump's Aug. 1 deadline for increased tariffs, former Quebec premier and member of the Prime Minister's Council on Canada-U.

The deal, announced Sunday by President Trump and European Commission President Ursula von der Leyen, imposes a 15% U.S. tariff on most EU imports, while American goods exported to the union's 27 member countries will face no tariffs. Previously, U.S. exports to the EU faced an average tariff of roughly 1%, according to Goldman Sachs analysts.