United States and Canada have gained momentum following recent developments in bilateral discussions. The progress comes amid a series of updates on various trade talks and indications from President Trump that the July 8 deadline for countries to finalize agreements with the U.

Trump said the U.S. has not 'had a lot of luck' with Canada during negotiations on a new trade and security deal, suggesting the two countries may end up with no new agreement.

Canada will rescind a tax on big US technology firms, just hours before first payments were due, to allow trade talks between the two countries to restart. On Friday, US President Donald Trump called off negotiations over a trade deal, describing the tax as a "blatant attack", and threatened higher tariffs on imports from Canada.