Trump pauses 50% tariffs on goods from Canada, says two sides have a deal
- On Tuesday, President Donald Trump announced a 3-day pause on 50% tariffs against Canada, citing a tentative deal between the two nations subject to final documentation.
- Originally scheduled for August 19, 2026, the deadline threatened to impose levies on US$20 billion worth of Canadian goods including cement and hockey sticks.
- Prime Minister Mark Carney held intense negotiations with Trump on Monday to avoid tariff threats, an effort affecting 2.6 million Canadian livelihoods according to officials.
- U.S. Chamber of Commerce senior vice-president for the Americas Neil Herrington warned that higher tariffs would damage both economies and threaten 13 million American jobs dependent on trade.
- Automotive manufacturers face significant long-term losses if tariff disputes persist, as industry experts note current effective tariff rates for the sector are already at least 12.5 per cent.
36 Articles
36 Articles
US President Trump is postponing new import tariffs on products from Canada for three days. He wants to use that time to negotiate an agreement with the neighboring country to put an end to what Trump calls "unfair trade practices." Trump had announced 50 percent import tariffs on many goods from Canada, such as dairy products and cars. Those tariffs were scheduled to take effect early this morning Dutch time, but two hours before that deadline,…
USA impose tariffs and minimum prices for polysilicon products +++ According to Trump, Canada has unloaded the USA from border bridge opening +++ The Newsblog.
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