Deadline looms as Trump’s 50 per cent tariffs set to take effect

On Tuesday, U.S. President Donald Trump announced a last-minute deal to delay new tariffs on Canadian products for three days. The tariffs, which would have affected approximately $28-billion worth of goods, including hockey sticks, honey, wine, and cement, were set to be imposed on Canada under Section 338 of the Tariff Act of 1930.

Canadian Prime Minister Mark Carney confirmed that Canada and the U.S. had reached an agreement to avoid the tariffs, stating that significant progress had been made in addressing trade issues. The deal includes comprehensive market access for American goods, economic security commitments, digital trade alignment, and other provisions to protect market and workers.

The U.S. had imposed the tariffs in response to Canadian bans on American alcohol, limited access to dairy in Canada's supply management system, and quotas for tariff-free U.S. auto imports.