Sources say the Trump administration is lowering market expectations that a
last-minute deal will avert new tariffs due to take effect Wednesday. U.S.
officials privately put the odds of a Tuesday agreement at about 50/50 or lower
as negotiators head to a midnight deadline when billions of dollars of Canadian
goods would face 50% tariffs. It is unclear whether the signals reflect genuine
progress or a U.S. tactic to gain leverage; Trump is expected to speak again
with Canadian Prime Minister Carney on Tuesday after a Monday call.
