US President Donald Trump said the United States was getting close to a Canada trade deal, while accusing its northern neighbor of benefiting unfairly from their commercial relationship. He did not provide a timeline or details of an agreement.

Key Takeaways

  • Trump said he wanted a long-term agreement rather than a short-term compromise.
  • Earlier in October 2026, he said he was in no rush to resume trade negotiations with Canada.

Canada trade deal comments signal possible progress

Speaking to Fox 2 ahead of a Michigan rally, Trump said Canada had been “making $90 billion a year off us for years and years.” He did not explain the basis for that figure.

Trump said he wanted to make the right deal and described his focus as long term. His comments expressed confidence in a resolution, but did not establish that an agreement had been finalized.

Earlier remarks left timing uncertain

Earlier in October, Trump told reporters he did not know whether trade negotiations with Canada would resume before the US midterm elections. He said he was in no rush, while maintaining that the dispute would eventually be resolved.

He also accused Canada of charging tariffs that had gone unnoticed, but did not identify the specific tariffs. As of October 26, 2026, his comments had provided no timetable for a deal.

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