US President Trump says very close to a deal with Mexico and we don't need anything Europe has, also questions why should the US carry Canada

Offhand trade remarks of this kind from the US President have a well-established pattern: initial headlines frame a deal as imminent, negotiations then run past informal deadlines, and the tariff threat oscillates between escalation and reprieve before any text exists. The Mexico reference fits the prior sequencing in which bilateral deals with the closest partners are floated first and used as templates or leverage against others. The Canada phrasing is the more volatile element; past episodes of rhetorical pressure on Ottawa have tended to hit CAD crosses and North American supply-chain names before any policy follows, and have usually been walked back or diluted at the staff level. The dismissal of Europe matters less for what it says than for what it removes: it signals no near-term interest in a transatlantic accommodation, which has historically kept the tariff overhang on EUR and European exporters alive rather than resolved. The distinction worth drawing is between rhetorical positioning, which fades within sessions, and signed or published terms, which is the point at which currencies and sector spreads have durably repriced. The follow-ons are any confirmation from Mexican or Canadian officials, a timeline or document, and whether Treasury or trade staff soften the framing.