No new Canada tariffs — for now

President Donald Trump announced the suspension of planned Canada tariffs for a three-day period on June 16, 2026, according to a social media post. The tariffs, which were initially planned to target about $20 billion worth of Canadian goods, were delayed hours before they were set to take effect. Canadian Prime Minister Mark Carney indicated that substantial progress had been made toward a potential trade deal, though more work remains to be done.

The New York Times reported that the US might reduce tariffs on Canadian goods, particularly affecting cars, steel, and aluminum, as part of the negotiations. Despite earlier threats, Trump cannot impose new tariffs using the International Emergency Economic Powers Act, as the Supreme Court invalidated this law earlier in the year.

The trade dispute could foreshadow an even larger conflict if the US, Mexico, and Canada renegotiate the US-Mexico-Canada Agreement, which Trump did not renew in his previous term.