China and Canada once took a hardline stance against US reciprocal tariffs, leading to deadlocked tariff negotiations, but progress began in June. In early June, negotiations between the US and China became the focus, with both countries reaching a temporary "ceasefire" agreement, hoping to sign a formal agreement before August 10. Following meetings between US-China trade representatives, US and Canadian representatives met during the G7 summit, setting a "deadline" for signing a tariff agreement.
The US suspended new tariffs on multiple countries starting in April, but set a 90-day deadline (until July 8-9) to pressure them and facilitate agreements.
