Trump pauses 50pc Canada tariffs for three days
US President Donald Trump paused the planned rollout of new tariffs on some Canadian goods late on Tuesday, after negotiations between both countries that went down to the wire. The temporary reprieve from Trump's 50-percent duties would last three days, the US leader said in a social media post. This was "based on the fact that Canada and the USA, subject to the finalisation of documents, have a…
On Tuesday, US President Donald Trump temporarily halted the implementation of 50% tariffs on Canadian goods, just hours before they were set to take effect. This reprieve lasted for three days, according to Trump's statement on his Truth Social platform. The decision came after negotiations between Canada and the USA, where both nations were close to finalizing a deal to avoid the tariffs.
The president had previously imposed these duties in response to what he called "discriminatory treatment" by Canada against US products, particularly alcohol, automobiles, and dairy. The tariffs affected around 5.5% of Canada's exports to the US, valued at approximately $20 billion. Canadian Prime Minister Mark Carney confirmed the talks with Trump on Tuesday, stating that discussions were "intense and delicate."
Canada had requested concessions, such as pressuring provinces to resume the sale of US alcohol and wine, to avoid the tariffs. While the duties only posed a minor economic risk to Canada, they would disproportionately impact central Canada's manufacturing sector. Former US commerce official Christopher Padilla noted that Trump's threats of tariffs often aim to secure early concessions from trading partners.
The new tariffs were set to apply to various products, including wine, cement, paper, and electronic equipment, targeting sectors that had already faced sector-specific tariffs from the US.
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