Trump pauses new tariffs on Canada and says countries close to a deal
President Donald Trump has delayed new 50% tariffs on Canadian goods for three days, citing progress toward a final trade deal. The agreement may also include the revival of the Keystone XL pipeline project.
Why it matters
This pause prevents an immediate trade conflict between two major economic partners and signals a potential shift in North American energy and trade policy.
Image source, Getty Images By Nadine Yousif and Jessica Murphy Published 33 minutes ago 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 (C$28bn) of Canadian imports were 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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