US, Canada reach trade deal to avert steep tariffs, Trump says
Trump announces pause on 50 percent duty on Canadian exports shortly before midnight deadline.
The United States and Canada have reached a deal to avert steep tariffs on billions of dollars of Canadian goods, US President Donald Trump has confirmed.
Trump produced the announcement shortly before the expiry of a midnight deadline for imposing a 50 percent duty on a broad set of Canadian exports, including electronics, industrial machinery, furniture, and dairy products.
“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 wrote in a post on Truth Social.
“The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!”
More to follow…
Related stories
IndianOil inks supply agreement with Mauritius for petrol, diesel, ATF
IndianOil inks supply agreement with Mauritius for petrol, diesel, ATF Published - August 20, 2026 09: 20 pm IST - New Delhi.
Business‘Made in Russia’ pavilion seeks to deepen business ties between India and…
Attention has turned to business'Made in Russia' pavilion seeks to deepen business ties between India and, a development that is being followed closely by…
Rs 91,685 cr gone! Retail traders lose big despite Sebi’s guardrails
Meanwhile, the Economic Times daily newspaper is available online now.
South Asia LPG Company distributes assistive devices to 350 needy persons under…
South Asia LPG Firm distributes assistive devices to 350 needy persons under CSR initiative Published - August 20, 2026 08: 47 pm IST -…