Carney touts 'substantial progress' after Trump delays tariffs for three days
Carney said substantial progress was made as talks continued over broader relief on steel, aluminum and auto tariffs, officials said.
- On Tuesday, President Donald Trump announced a three-day delay on planned 50% tariffs against Canada, citing a tentative deal between the two nations.
- President Trump originally announced the 50% tariffs in July under Section 338 of the Tariff Act of 1930, claiming the levies would level the playing field for American exports like cars, alcohol, and dairy.
- Roughly $28 billion worth of Canadian imports would have been targeted by the 50% levies, intensifying a tit-for-tat trade battle between the United States and Canada that has persisted since last year.
- Canadian Prime Minister Mark Carney stated that substantial progress has been made, although important work remains; The United States Trade Representative noted the deal includes comprehensive market access for American goods and digital trade alignment.
- The United States agreed to postpone the 50% tariffs until end of day, August 21st, as both nations continue intensive discussions to address outstanding trade issues and deliver greater certainty for Canadian businesses and workers.
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47 Articles
The tariffs were supposed to affect 5% of Canadian exports to the United States. Carney: "C" is still a lot to do.
Trump says he had 'a good conversation' with Canadian prime minister about tariffs
President Trump told reporters he had "a good conversation" with Canadian Prime Minister Mark Carney about his administration's planned tariffs. The president also discussed his decision to delay implementing the tariffs for a few days as the countries come to a potential trade deal.
Despite the three-day suspension of U.S. tariffs, Prime Minister Fréchette states that it is too early to position herself on the state of the discussions.
Alert: Trump Resurrects Keystone XL Pipeline in Cryptic Truth Social Post, Moments After Announcing Trade Deal With Canada
President Donald Trump indicated Tuesday that a trade deal in the works with Canada could lead to the revival of the Keystone XL pipeline. Trump had threatened new tariffs against […] The post Alert: Trump Resurrects Keystone XL Pipeline in Cryptic Truth Social Post, Moments After Announcing Trade Deal With Canada appeared first on The Western Journal.
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