According to CoinMeta, as per Canadian news on the 14th, as the deadline for the United States to impose additional tariffs on Canada approaches, negotiations between the two countries have reached a deadlock due to significant differences on core interests. Senior officials responsible for trade affairs from Canada and the US have engaged in multiple rounds of intensive discussions in Washington over the past few days, but there are still no signs of an agreement being reached. On July 20th, US President Donald Trump signed several announcements imposing additional tariffs of 50% on hundreds of specific goods imported from Canada, including red wine, hockey sticks, and cement, under Section 338 of the Smoot-Hawley Tariff Act. These new tariff measures will take effect on August 19th, Eastern Time. In addition, the tariffs imposed by the US on Canadian steel, aluminum, automobiles, and timber since last year remain in place.