Trump pauses 50% Canadian tariffs after last-minute trade deal with Carney

World Trump pauses 50% Canadian tariffs after last-minute trade accord with Carney The US President Donald Trump pauses new 50% tariffs on Canadian goods for 3 days as Washington and Ottawa are close to a trade agreement after last-minute discussions.

Key points

• President Donald Trump confirmed a three-day pause on new 50% tariffs on certain Canadian goods that were scheduled to take effect Wednesday.
• The US president wrote on Truth Social late on Tuesday that he had postponed the 50 per cent tariffs.
• The last-minute reprieve follows 'intense' discussions with Mark Carney to avert 50% levies on billions of dollars in goods.
• In his announcement on Truth Social, Trump additionally suggested that the final resolution could potentially pave the way to revive the controversial Keystone XL pipeline project.
• "Canada has expressed a commitment to remove the discrimination, " the White House remarked in an official note late on Tuesday.

U.S. President Donald Trump confirmed a three-day pause on new 50% tariffs on certain Canadian goods that were scheduled to take effect Wednesday.

Notably, the last-minute reprieve follows 'intense' discussions with Mark Carney to avert 50% levies on billions of dollars in goods.

For context, the heavy duties which would have affected various Canadian goods just ahead of a midnight deadline were suspended after intense last-minute negotiations.

For context, the US president wrote on Truth Social late on Tuesday that he had postponed the 50 per cent tariffs. It were set to kick in on Wednesday, "based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL".

For context, the framework of the pending accord involves Canada committing to address U.S. Grievances regarding market access, including automotive policies, dairy quotas, and the removal of retaliatory bans on American alcohol sales.

Though significant administrative and documentation work remains before the agreement is completely finalized, an hour afterwards, Canadian Prime Minister Mark Carney confirmed that "substantial progress" has been produced through ongoing, intensive discussions.

Carney remarked, "Over the last number of weeks, Canada has engaged in intensive discussions with the US to address outstanding trade issues and deliver greater certainty and real benefits for Canadian businesses, workers, farmers, and families."

"Canada has expressed a commitment to remove the discrimination, " the White House remarked in an official note late on Tuesday. "Because of the status of these negotiations, the public interests favor suspending for a period of 3 days."

US trade representative Jamieson Greer remarked: "The deal will include comprehensive market access for all American goods, economic security commitments, digital trade alignment, and many important provisions that will continue to protect our market and American workers, along with our Canadian partners."

As documented by the Financial Times, Trump's latest threat of 50 per cent levies sparked weeks of crunch negotiations in which Canada offered targeted concessions and pushed for the US to lift existing levies on industries including cars, steel and lumber.

Potential failure posed a serious threat to Canada's economy. It has been battered by Trump's volatile tariff regime, as well as a political challenge for Carney.

Canadian business leaders have cautioned of the impact of the new volley of 50 per cent tariffs on hundreds of products.

Prolonged duties have put financial strain on the country's car industry, leading to factory closures and job losses.

Hafsa Naeem is an entertainment reporter specialising in K-dramas, films, and celebrity-driven stories. She explores global content trends and audience engagement, delivering accessible coverage that captures the emotional and cultural impact of entertainment throughout diverse viewership.

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