Trump says US, Canada reach trade deal, tariffs on farmers to drop to zero
"We had a very good conversation with the Prime Minister last night, and we've come to a deal with Canada," Trump told reporters on the South Lawn while speaking about the negotiations with Canadian Prime Minister Mark Carney.
US President Donald Trump announced on Wednesday that the United States and Canada have reached a trade deal, with tariffs on Canadian imports set to be eliminated for American farmers. The deal came after a productive discussion with Canadian Prime Minister Mark Carney the previous night. Trump stated that the 50% tariffs, originally scheduled to take effect on Wednesday, have been delayed to allow time for finalizing the agreement.
He emphasized that the tariffs would now be "totally eviscerated, down to zero" for American farmers. Both Trump and Carney agreed that the deal would be mutually beneficial, with American farmers and manufacturers particularly pleased with the outcome. The US President also mentioned that they were working on measures concerning steel tariffs, which would be reduced as well.
Canadian Prime Minister Mark Carney confirmed that the US had agreed to postpone the implementation of the 50% tariff on Canadian goods until August 21, stating that substantial progress had been made but additional work remained.
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