India may soon reach a long-awaited trade agreement with the United States, President Donald Trump said in an interview aired Wednesday. The two countries are currently holding their fifth round of talks as negotiators from New Delhi recently returned to Washington.

The prime minister pledges to diversify its trading partners away from the US and prioritise the use of Canadian steel.

Canada’s steel industry fears that Chinese steel facing steep tariffs in the United States will be sent north and overwhelm the Canadian market.

Trump has threatened to strip some Americans’ citizenship, which many countries allow in the name of security but critics say can lead to weaponization.

The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.

America’s growing discord with Canada exemplifies the extraordinary damage President Trump is wreaking on the United States’ standing in the world.

Canada faces another set of tariffs in its ongoing trade talks with the U.S. However, in this latest round of tariff announcements, investors have learned to largely tune them out as negotiating bluster rather than policy commitments.

Latest news and live updates as Marco Rubio meets with Russian foreign minister amid tensions over Ukraine and Trump releases tariff letters to trading partners.