US President Donald Trump has paused the imposition of new 50% tariffs on a range of Canadian goods for three days, saying the two countries are close to a trade deal.
Key facts
- Trump said he will delay new tariffs on Canadian goods for three days.
- The pause applies to scheduled 50% tariffs on more Canadian goods, according to Sky News.
- Trump said the countries are firming up a trade deal, per the BBC.
- The US has already imposed tariffs on Canadian metals, lumber and auto parts, according to CNBC.
US President Donald Trump said he will delay imposing new tariffs on a wide array of Canadian goods for three days as the two countries work to firm up a trade deal, according to the BBC.
Sky News reported that Trump announced he had paused the imposition of 50% tariffs on more goods from Canada, describing the move as following a last-minute deal.
CNBC reported that Trump has announced a ‘deal’ with Ottawa and paused the scheduled 50% tariffs for three days while talks continue.
The pause comes against the backdrop of tariffs the US has already put in place on Canada. According to CNBC, Trump has already imposed a variety of tariffs on Canada and its specific exports, including metals, lumber and auto parts.
The three-day delay gives both sides additional time to complete negotiations, though the sources did not specify what terms a final agreement would include or when it might be signed.
Why it matters
Tariffs between the US and Canada affect cross-border trade in key sectors such as metals, lumber and auto parts, which can influence prices and supply chains. A pause on new duties signals both governments are seeking to avoid an escalation while they negotiate.
Frequently asked questions
How long is the tariff pause?
Trump said he will delay imposing the new tariffs on Canadian goods for three days, according to the BBC and CNBC.
What tariffs are being paused?
According to Sky News, the pause applies to scheduled 50% tariffs on more goods from Canada.
What tariffs are already in place on Canada?
CNBC reported that the US has already imposed a variety of tariffs on Canada and specific exports, including metals, lumber and auto parts.