Trump says he's brokered a 'very good deal' with Canada after pausing 50% tariffs
Talks also include possible cuts to U.S. auto tariffs and relief for farmers, while the threatened duties covered about $20 billion in imports, officials said.
- Late Tuesday, President Donald Trump announced a three-day pause on 50 percent tariffs against Canada following a 'good conversation' with Canadian Prime Minister Mark Carney.
- The threatened 50 percent tariffs would have covered about $20bn worth of imports, exacerbating trade pressure between the US and Canada.
- On Monday, US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick discussed reducing Section 232 vehicle tariffs from 25 percent to 15 percent with Canadian counterparts.
- Trump claimed the nations reached 'a very fair' deal ensuring no tariffs on US exports, though officials have not confirmed full agreement details.
- Nearly 72 percent of Canadian goods exports go to the US, making the three-day window critical for finalizing documents before tariffs take effect.
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North Dakota exports face uncertainty as Canada tariff pause continues
FARGO — Major tariffs on Canadian goods coming into the United States is on hold. President Donald Trump announced the delay as his administration continues trade talks with Canada. The day before roughly $20 billion of imports were set to be subject to tariffs, President Donald Trump made a surprise announcement, pausing the 50% tariff on Canadian goods until the end of the day on Friday, Aug. 21. "Our manufacturers are going to be thrilled, a…
Trump delays 50% Canada tariffs as trade talks move toward an agreement
President Donald Trump’s decision to delay a threatened 50% tariff on roughly $20 billion of Canadian imports has removed an immediate shock for businesses on both sides of the border, but it has not eliminated the underlying uncertainty surrounding US-Canada trade. The tariffs, originally scheduled to take effect at midnight Tuesday, have been postponed through August 21 while officials work toward a final agreement. Trump said Wednesday that t…
Trump’s Canada tariff threat produces a deal with no public terms
Canada and the United States moved closer Wednesday to finalizing a trade agreement that would avert threatened 50% U.S. tariffs, with a senior Canadian official calling the emerging terms “a very good deal for Canada” while cautioning that negotiations were not complete. President Donald Trump said the agreement was “very fair” to both sides and predicted U.S. farmers and manufacturers would benefit. The tariffs on about $20 billion worth of Ca…
Trump Announces Pause on 50 Percent Tariff as US, Canada Reach Last-Minute Deal - The Thinking Conservative News
President Trump announced he would delay an additional 50 percent tariff on certain Canadian goods following last-minute talks between the two countries. The post Trump Announces Pause on 50 Percent Tariff as US, Canada Reach Last-Minute Deal appeared first on The Thinking Conservative News.
Canada Avoids 50 Percent Tariff In Last-Minute Deal
(NAFB.com) – Canada has temporarily avoided a 50 percent U.S. tariff after reaching a last-minute agreement with the Trump administration, just hours before the higher duties were scheduled to take effect. President Donald Trump said Tuesday night that he was pausing the tariffs for three days while the two countries finalize the agreement. The tariffs would have affected about $20 billion worth of Canadian goods, including wine and hockey stick…
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