The Treasury secretary’s remarks Thursday signal possible relief for Canada’s aluminum sector, which—along with steel makers—faces a 50% tariff on products entering the U.S. Canada is the U.S.’s biggest foreign supplier of both metals, and the deals President Trump has made to date have maintained the 50% duty of steel and aluminum.

President Donald Trump says Canada’s announcement it'll recognize a Palestinian state “will make it very hard” for the U.S. to reach a trade agreement with it.

The delay of tariffs set to take effect Friday came after a phone call between President Trump and his Mexican counterpart, President Claudia Sheinbaum.

While discussions with trading partners continue and a revamp of U.S. trade policy faces legal hurdles in federal court, U.S. President Donald Trump is approaching his deadline of Friday, Aug. 1, for implementing higher import tariffs on products from across the world.

French President Emmanuel Macron said the European Union wasn’t feared enough in the trade talks with the US, which led to a deal many have criticized as unbalanced.

US imports into the EU will not face higher tariffs as part of the agreement, which also requires the bloc to spend hundreds of billions of dollars on US energy products and weapons. This was largely Trump’s dream scenario.