The European Union and its 27 member nation bloc became the latest of the United States' top trading partners to come to an agreement with Trump over the weekend, joining the Philippines, Japan and Indonesia in announcing deals during July.

“Rescinding the digital services tax will allow the negotiations of a new economic and security relationship with the United States to make vital progress and reinforce our work to create jobs and build prosperity for all Canadians,” Canadian Finance Minister François-Philippe Champagne said in a statement Sunday night.

Canadian Prime Minister Mark Carney on Tuesday rejected the idea that the country would agree to a rushed trade deal with the United States. The Trump administration implemented an Aug. 1

Prime Minister Mark Carney, after a meeting with Canada’s political leaders, downplayed the chances of success in talks aimed at reaching a trade deal with President Trump.

Canada’s prime minister sought to cool expectations about reaching a trade agreement with the US in the next 10 days, saying the talks are difficult because the Trump administration keeps changing its goals.

James Knightley, ING’s chief international economist, said the deal with the European Union is important. But he said there are still questions to be settled with some of America’s major trading

Air Canada reported a drop in second-quarter profit on Monday, weighed down by weak passenger traffic to its key U.S. market amid strained trade relations between the two countries.

In a world where globalization and trade shape the backbone of economies, one country has been quietly building a powerful trading empire that could soon dominate global commerce,Canada. While the world’s attention is often drawn to larger economies,