Trump says U.S. and Canada reached deal to delay 50% U.S. tariffs on Canadian imports
President Trump has paused planned 50% tariffs on Canadian imports following a last-minute deal between the two nations. The delay provides a three-day window for further negotiations to resolve trade disputes regarding dairy, alcohol, and motor vehicles.
Why it matters
The move avoids an immediate trade war between two major economic allies, though long-term trade stability remains uncertain.
WASHINGTON — President Donald Trump said Tuesday he was delaying the 50% U.S. tariffs on $20 billion worth of Canadian imports after the two countries reached a last-minute deal less than two hours before the sanctions were to go into effect.
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.
"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 posted on Truth Social.
If they had gone into effect as scheduled at 12:01 a.m. Wednesday, Trump's import taxes would have hit Canadian products ranging from hockey sticks to tongue depressors.
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