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 Car

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.