The US president's remarks come after Canadian Prime Minister Mark Carney signalled earlier this week that Canada "will not accept a bad deal".

The agreements have been overshadowed by U.S. firms' warnings that the tariffs will affect their bottom lines and prolong uncertainty in the economy.

European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, in response to President Trump’s latest tariff announcement, say they are open to trade talks but won’t rule out taking countermeasures.