Trump, Carney speak ahead of midnight tariff deadline
The U.S. has temporarily suspended planned 50% tariffs on Canadian goods following a tentative trade deal. While the Trump administration claims a deal is reached, Canadian Prime Minister Mark Carney describes the situation as a pause to allow for continued negotiations.
Why it matters
Trade tensions between the U.S. and Canada have significant implications for supply chains, small businesses, and the cost of living in both nations.
In an initial online post, the president said he delayed the levies "based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL!"
A White House declaration later said the suspension is "in the public interest" because Canadian negotiators "expressed a commitment" to concede on trade grievances the Trump administration had cited as the reason for threatening the tariffs in the first place .
In his own statement an hour later, Prime Minister Mark Carney did not speak of a tentative deal and did not say which concessions might have been made. He characterized the administration's decision as a postponement so trade discussions can continue.
"Substantial progress has been made, although there is important work still to be done," read the statement.
"While we continue this work, Canada remains focused on building a stronger, more independent, and more competitive economy at home."
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