Trump pauses 50% tariffs on some Canadian goods for three days after last-minute deal

The 50% tariff will apply to some $20 billion worth of Canadian products, including wine, hockey sticks, and cement. 

President Trump says there could be a deal with Canada as he navigates whether to impose his steep tariffs. Canadian Chamber of Commerce's Matthew Holmes joins with more details on talks between the U.S., Canada and Mexico.

Canadian and U.S. officials have until 12:01 a.m. on Saturday to finalize a deal

Canada has dodged President Donald Trump's threat of 50% tariffs — at least for now. Trump went on social media late Tuesday to say he was pausing for…

The US and Canada have reached a trade agreement, according to Donald Trump, easing tariff tensions and opening the way for concessions on both sides.

Trump's new tariffs on about $20 billion worth of Canadian goods were set to take effect Wednesday, but were postponed by three days.

The announcement, which Trump made on his social media platform, buys time for more negotiations and avoids, for now, another strain in already tense relations between the historic allies.

The U.S. and Canada brokered a three-day pause as the neighboring countries work to finalize a broader trade agreement.

Canadian equities jumped in early trading Wednesday after US President Donald Trump said he would delay new 50% tariffs for three days and added that that two sides were close to a trade deal.

President Trump announced late Tuesday he would pause the 50 percent tariffs on many Canadian goods for three days, saying the U.S. and Canada are finalizing a deal. The tariffs were expected to go into effect at midnight Wednesday. At the White House, the president will meet with crypto, prediction market and financial leaders, along...

Just two hours before new tariffs were set to take effect on Canada, President Trump said the 50% tariffs on some of the country's products would be paused for three days. Nancy Cordes explains.

The White House announced a last-minute delay of President Donald Trump’s threatened 50% tariffs on a number of goods from Canada. NBC’s Monica Alba reports for TODAY.

The 3-day reprieve covers roughly $20 billion in Canadian imports targeting autos, alcohol, and dairy sectors

The 50 per cent tariffs were due to go into effect overnight

Trump announced the three-day reprieve from 50-percent duties on select goods just hours before a midnight deadline. The post Trump pauses 50% tariffs on Canadian goods for three days appeared first on Vanguard News.

US President Donald Trump announced the three-day reprieve from 50-percent duties on select goods just hours before a midnight deadline.

The Trump administration delayed 50% tariffs on billions of dollars of Canadian products for three days, saying the two sides had reached a tentative agreement to resolve a broader trade dispute that had plunged relations to a fresh low. President Donald Trump announced the decision less than two hours before the tariffs were set to take effect. Bloomberg's Derek Wallbank reports. (Source: Bloomberg)

Trump said the tariffs have been paused for three days to allow for the finalization a deal agreed to by both sides.

The Trump administration's tariffs on Canadian goods were set to launch at midnight, but the neighbors may have reached an 11th-hour deal.

WASHINGTON — U.S. President Donald Trump said Tuesday he was delaying the 50 percent U.S. tariffs on $20 billion worth of Canadian imports after the two countries reached a last-minute deal less than two hours before the sanctions were to go into effect. The announcement, which Trump made on his social media platform, buys time for more negotiations and avoids, for now, another strain in already tense relations between the historic allies. “I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL!” Trump posted on Truth Social. If they had gone into effect as scheduled at 12:01 a.m. Wednesday, Trump’s import taxes would have hit Canadian products ranging from hockey sticks to tongue depressors. But the political impact would likely have been bigger than the economic one. Canada had threatened to retaliate against any new tariffs with levies of its own, aggravating a trade fight between countries that sold each other $880

Donald Trump announced the three-day reprieve from 50% duties on select goods mere hours before a midnight deadline

President Trump said he was delaying the 50% U.S. tariffs on Canadian imports after the two countries reached a last-minute deal less than two hours before the sanctions were to go into effect.

The two allies traded goods and services worth close to $1 trillion despite their strained relations last year, as US President Donald Trump continues his relentless push to enforce tariffs and levies on his northern neighbours.

US President Donald Trump paused the planned rollout of punishing new tariffs on Canadian goods late Tuesday, as both sides indicated they were close to a broader trade agreement after weeks of talks. Trump announced the three-day reprieve from 50-per cent duties on select goods mere hours before a midnight deadline. The delay was “based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL!” Trump wrote on his Truth Social platform. Carney was less definitive, saying “substantial progress has been made” towards a comprehensive trade deal, but “there is important work still to be done”. Ottawa and Washington have held intense negotiations on revising their existing deal, the United States-Canada-Mexico Agreement (USMCA), which Trump signed and praised during his first term but now says needs to change. The US Trade Representative’s office said on X that the pact between Washington and Ottawa is set to “include comprehensive market access for all American goods, economic security commitments, digital trade alignment” and other provisions. A proclamation by Trump to pause the duties added that the suspension came about as “Canada has expressed a commitment to remove the discriminations or unreasonable and unequal impositions at issue”. Carney said the prospective deal aims to “address outstanding trade issues and deliver greater certainty and real benefits for Canadian businesses, workers, farmers and families”. ‘Discriminatory treatment’ Trump had signed orders for the 50-per cent duties last month, with the White House alleging “discriminatory treatment” by Canada against US alcohol, automobile and dairy products. The new tariffs would cover products such as wine, hockey sticks and cement. They target around 5.5pc of Canada’s exports to the United States, worth about $20 billion, Oxford Economics estimates. While this only poses a “modest” negative risk to Canada’s economy, Oxford Economics said in a recent report that the duties would “affect central Canada’s manufacturing sector much more severely”. Canadian negotiators have been in Washington to push for a deal to avoid the new tariffs and also secure relief on Trump’s sector-specific duties —which have battered Canada’s auto, steel, lumber and aluminum industries. Ottawa reportedly offered concessions like pressuring provinces to put US alcohol and wine back on their shelves. Without going into details, Trump added in his Truth Social post: “The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!” Trump has previously called for the revival of the controversial project opposed by environmental activists, which was blocked under his predecessor Biden. Political concerns “It’s not unusual for a trade negotiation to go right up to the deadline,” former US commerce official Christopher Padilla told AFP. He expects that the Trump administration threatened new tariffs to try and win early concessions from Canada as the countries negotiate new terms for the USMCA. Oxford Economics anticipates that manufacturers who stand to be most impacted include those in the cement, paper, printing, wood, clothing and electronic equipment sectors. With the US Supreme Court striking down many of Trump’s global tariffs earlier this year, the president had tapped an untested legal provision for the new duties targeting Canada. The US duties will not apply to Canadian energy, potash or goods already facing sector-specific tariffs, but are set to hit products covered by the USMCA. Trump’s trade envoy Jamieson Greer previously said the tariffs aimed to “hold Canada accountable” for its retaliation against the United States. Provinces have taken US alcohol products off their shelves, he said, and “given better market access to dairy products from the European Union” among other actions, Greer said in July.

The steep levies, announced last month, were set to take effect at 12:01 a.m. Wednesday. Trump said the pause would last three days, subject to the finalization of the agreement.

President Donald Trump has announced a deal with Canada to pause 50% tariffs on billions of dollars in goods for three days as USMCA trade negotiations continue

Donald Trump says the deal, reached the day before 50% tariffs were set to take effect, could also revive the controversial Keystone XL pipeline project.

Donald Trump said the deal, reached the day before 50% tariffs were set to take effect, could also revive the controversial Keystone XL pipeline project.

President Trump said late Tuesday that he paused the 50 percent tariffs on a slew of Canadian goods for three days, saying the U.S. and Canada are finalizing a deal. The announcement comes just a few hours before the tariffs were supposed to go into effect at midnight. “I have paused the 50% Tariffs against...

The US president's announcement came after urgent talks with Canadian prime minister Mark Carney on Tuesday, hours before the tariffs were due to take effect.

US president delays 50% tariffs by three days, and says contentious oil project ‘may be awoken from the grave’Canada has temporarily avoided a bruising 50% US tariff, reaching a Tuesday-evening agreement with Trump administration officials hours before a hike that would have affected $20bn worth of goods was set to take effect.Donald Trump posted late on Tuesday on social media that he had paused the tariffs for three days “based on the fact that Canada and the USA, subject to the finalization of documents, have a DEAL!” Continue reading...

The latest deal comes after a week of negotiations between the two sides.

President Trump said Tuesday he was delaying 50% U.S. tariffs on $20 billion worth of Canadian imports after the two countries reached a last-minute deal hours before the sanctions were to go into effect.

President Trump announced a three-day delay on imposing 50 percent tariffs in a social media post on Tuesday night, roughly 90 minutes before the 12:01 a.m. deadline.

The United States and Canada have agreed to delay significant tariffs on imports. This pause allows both nations more time to negotiate a comprehensive trade agreement. President Donald Trump announced the tariff delay on social media after last-minute talks. The tariffs would have impacted approximately five percent of Canadian exports to the US. This development occurs amid already strained relations between the two countries.

Here’s what’s going on with the Trump administration’s plan for new tariffs for some Canadian goods.

President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.

President Donald Trump said he is pausing the new 50% tariffs on Canadian goods set to go into effect, citing a deal between the between the U.S. and Canada.

US President Donald Trump said he had ‌paused ⁠50% tariffs on goods from Canada that were scheduled to ‌start ⁠for ‌a three day period, saying ⁠the ‌two countries had reached a ⁠deal.

Donald Trump has announced he has paused the imposition of 50% tariffs on more goods from Canada.

WASHINGTON — U.S. President Donald Trump says he is hitting pause for three days on new tariffs that were set to hit Canada just after midnight.

President Donald Trump late Tuesday slammed the brakes on a wave of tariffs that were set to hit Canada at midnight.