U.S. President Donald Trump on Thursday signed an executive order increasing tariffs on Canadian goods to 35% from 25% on all products not covered by the U.S.-Mexico-Canada trade agreement, the White House said.

Canada minister Dominic LeBlanc expressed optimism that a deal could be reached to reduce the newly imposed 35% US tariffs on Canadian goods outside the USMCA. He hinted at upcoming talks between Prime Minister Mark Carney and President Trump.