New Delhi, Aug. 3 -- Canada's federal minister overseeing US-Canada trade relations, Dominic LeBlanc, said Sunday that he sees a pathway to reducing newly imposed American tariffs.

LeBlanc expressed optimism that a deal could be reached to reverse or lower the 35% US tariff on Canadian goods not covered under the US-Mexico-Canada trade agreement (USMCA), speaking on CBS News.

"I believe there is an option of striking a deal that will bring down tariffs," LeBlanc stated, just days after President Donald Trump signed an executive order sharply increasing tariffs, citing fentanyl trafficking and national security concerns.

The Canadian government, led by Prime Minister Mark Carney, has voiced disappointment over the move but remains engag...