Trump pauses new tariffs on Canada and says countries close to a deal
President Trump has paused planned tariffs on Canadian goods for three days, citing progress toward a comprehensive trade deal. The potential agreement may include provisions for the Keystone XL pipeline and address long-standing disputes over autos and market access.
Why it matters
This development signals a potential de-escalation in trade tensions between the US and Canada, with significant implications for energy and cross-border commerce.
Figure caption, The BBC's Samira Hussain explains the impact of Trump's tariffs on the US
US President Donald Trump said he will delay imposing new tariffs on a wide array of Canadian goods for three days as the countries firm up a trade deal.
"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!" Trump said in a social media post.
The announcement came less than two hours before a 50% levy on nearly $20bn (£14.8bn; C$28bn) of Canadian imports was set to go in place.
The two sides have been at an impasse on several issues, including US tariffs on autos and many Canadian provinces banning American liquor sales.
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