Trump announces temporary pause on new Canada tariffs

President Donald Trump has announced a temporary suspension of new 50% tariffs on Canadian goods, which were set to take effect early Wednesday. The tariffs, targeting a variety of products including hockey sticks, wine, dairy, whiskey, and vodka, were to go into effect at 12:01 a.m. ET. Trump cited a deal between the U.S. and Canada as the reason for the temporary pause, expected to last for three days.

Although the specifics of the deal were not disclosed, Trump suggested it might include efforts to revive the Keystone Pipeline, a project that was canceled in 2021 due to environmental concerns. The new tariffs were intended to counter what Trump perceived as discriminatory Canadian policies against U.S. exports. However, due to exemptions on key goods, the tariffs were expected to only impact a fraction of U.S. imports from Canada.

Canadian Prime Minister Mark Carney had previously criticized the U.S. tariffs, stating that Canada had merely matched similar measures imposed earlier in the year. The dispute has raised costs for families, particularly in the U.S.