Trump pauses 50% tariffs on goods from Canada, says two sides have a deal
The delay gives negotiators three more days to finalize a deal and avert tariffs on about $20 billion in Canadian imports, officials said.
- President Donald Trump announced on Truth Social that the U.S. will postpone a 50% tariff on approximately $20 billion worth of Canadian imports by three days.
- Canada had threatened to retaliate against new tariffs with levies of its own, aggravating a trade fight between countries that exchanged $880 billion in goods and services last year.
- Trump stated the two countries reached a deal aiming to resume construction of the controversial Keystone pipeline project, though neither released details on cooling Canada's animosity.
- Still hanging in the balance is a sweeping free trade agreement between the U.S. and its two largest trading partners: Canada and Mexico, amid ongoing trade uncertainty.
- This uncertainty could discourage businesses from investing in North America, as Trump has a history of changing his stance on trade matters regarding the United States-Mexico-Canada Agreement.
445 Articles
445 Articles
Trump Pauses New Wave of Canada Tariffs
President Trump paused a set of new tariffs on Canada that were set to take effect at midnight. “I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL! The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!” he wrote on Truth Social Tuesday …
Good Morning, News: Canadian Tariffs Paused, the Fight to Save Sunflower Stars From Extinction, and Multnomah County's Fight Against Oil and Gas Companies Continues in Court
The Mercury provides news and fun every single day—but your help is essential. If you believe Portland benefits from smart, local journalism and arts coverage, please consider making a small monthly contribution, because without you, there is no us. Thanks for your support! Good morning, Portland! Happy hump day. Not to jinx anything, but we’ve […] The post Good Morning, News: Canadian Tariffs Paused, the Fight to Save Sunflower Stars From Extin…
Trump says U.S. and Canada reached last-minute deal to delay 50% US tariffs on Canadian imports
The announcement, which Trump made on his social media platform, buys time for more negotiations and avoids, for now, another strain in already tense relations between the historic allies.
President Trump Announces Surprise Canada Deal — And Hints At A Major Comeback – 100PercentFedUp.com – by Jack
President Trump just turned a midnight tariff deadline into a new deal with Canada — and one part of his announcement could reshape the fight over North American energy. The president said he is pausing a sweeping new round of 50% tariffs for three days while Washington and Ottawa finish the documents behind their agreement. Those tariffs had been scheduled to take effect Wednesday morning. Instead, President Trump announced that the two countri…
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