US-Canada trade deal: Donald Trump pauses 50% tariffs on Canadian imports for 3 days
The latest deal comes after a week of negotiations between the two sides.
Donald Trump, the President of the United States, has decided to suspend 50% tariffs on Canadian imports for a three-day period, according to a statement made on Tuesday. The tariffs, which were set to take effect the following morning, would have impacted approximately $20 billion worth of goods imported from Canada. The decision comes after a week of negotiations between the two countries, with both sides reportedly seeking to finalize a deal.
The tariffs were expected to affect a wide range of products, including hockey sticks and tongue depressors, with 72% of Canada's exports in 2025 going to the United States. This move could have had political implications for the Republican Party, as Canada is a significant trade partner. Canadian Prime Minister Mark Carney and Trump had spoken twice by phone in the past two days to discuss the situation, according to Canada's office.
A former US trade official commented on the announcement, stating that both sides likely wished to avoid the implementation of the tariffs. Trump has shown a strong stance against Canada and other traditional allies, imposing tariffs in the past to protect US manufacturing.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
