Trump pauses 50% tariffs on Canadian goods for three days
US President Donald Trump paused the planned rollout of new tariffs on Canadian goods late Tuesday, after negotiations between both countries that went down to the wire.
President Donald Trump temporarily halted the implementation of new 50-percent tariffs on Canadian goods for a three-day period. The decision was made after intense negotiations between the two nations that took place just hours before the tariffs were set to take effect. Trump revealed the pause on his Truth Social platform, stating that the move was based on the progress made in finalizing the documents.
The tariffs, which were originally scheduled to begin on Wednesday, would have impacted around 5.5 percent of Canada's exports to the United States, valued at approximately $20 billion. Canada and the U.S. aim to include comprehensive market access for American goods, economic security commitments, and digital trade alignment in the negotiated pact.
The suspension of tariffs came as Canada committed to eliminating discrimination or unreasonable and unequal impositions against U.S. alcohol, automobile, and dairy products. Canadian negotiators were in Washington to secure a deal and relief on the sector-specific duties that had negatively affected Canada's manufacturing sector.
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