Trump pauses 50pct tariffs on Canadian goods for three days
WASHINGTON: 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.
US President Donald Trump suspended the planned implementation of 50-percent tariffs on Canadian goods for a period of three days, according to a statement on his social media platform. The delay occurred after negotiations between the two nations concluded shortly before the scheduled start of the duties. Trump announced the reprieve in a post on his Truth Social account, stating that the deal had been finalized, with Canada agreeing to remove discriminatory treatment towards US goods.
The tariffs, originally set to take effect on Wednesday, were intended to target approximately $20 billion worth of Canadian exports, primarily in sectors such as wine, automotive, steel, lumber, and aluminum. The suspension came following urgent talks between Trump and Canadian Prime Minister Mark Carney, who had been discussing the potential impact of the tariffs with US Trade Representative officials.
Trump's announcement also hinted at the possibility of reviving the Keystone XL Pipeline, a project previously blocked by his predecessor, Joe Biden. Canada's response to the tariffs, which included pressure on provinces to reintroduce US alcohol and wine products, was intended to secure relief for Canadian industries that had been adversely affected by the proposed duties.
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