Trump Pauses Tariffs on Canada Amid Economic Concerns
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On social media, Trump wrote: “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!”
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New York Post“I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period,” Trump wrote on Truth Social, “based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL!”
BBC News"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 said in a social media post.
PBS NewsHourU.S. and Canada hold last-minute negotiations to prevent Trump's 50% tariffs If no deal is reached, Trump has threatened to impose 50% tariffs on $20 billion worth of Canadian products, ranging from hockey sticks to tongue depressors.
Fox NewsTrump and Canadian Prime Minister Mark Carney held last-minute talks Tuesday as the two sides raced to avert the 50% tariffs before the midnight deadline.
ABC NewsThe new levies were set to go into effect early Wednesday. President Donald Trump said he is pausing for three days the new 50% tariffs on Canadian goods set to go into effect early Wednesday, citing a deal between the U.S. and Canada. This is a developing story. Please check back for updates.
New York TimesTariffs on Hold as Trump Claims Deal With Canada Is Near President Trump announced a three-day delay on imposing 50 percent tariffs in a social media post on Tuesday night, roughly 90 minutes before the 12:01 a.m. deadline.
ReutersCarney and Trump speak ahead of 50% US tariff deadline - Reuters Carney and Trump speak ahead of 50% US tariff deadline Reuters
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They would have been in addition to existing tariffs the US had already imposed on Canadian steel and aluminium, autos and lumber.
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New York PostHowever, the two nations have been involved in a year-long trade tit-for-tat. Currently, US tariffs on Canadian goods include a 25% tariff on steel and aluminum, a 35% tariff on softwood lumber, a 10% tariff on certain energy products, a 12.5% tariff related to forced labor prohibitions, and a 25% tariff on cars not built in the US.
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On Tuesday, the US Chamber of Commerce pushed for a deal to be reached, saying in a statement that "higher tariffs would damage both economies, drive up costs for US families, further disrupt critical supply chains, and risk the 13 million American jobs that depend on trade under the US-Mexico-Canada Trade Agreement".
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NBC NewsThe U.S. Chamber of Commerce warned in a Tuesday statement that in the event of no deal, “the introduction of higher tariffs would damage both economies, drive up costs for U.S. families, further disrupt critical supply chains, and risk the 13 million American jobs that depend on” the North American trade pact.
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The tariffs that were set to be imposed would have been the first-ever use of Section 338 of the Tariff Act of 1930. The law allows the White House to implement duties of up to 50% on any foreign trading partner that “discriminates” against U.S. commerce.
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ABC NewsSection 338 authorizes the president to impose tariffs of up to 50% on imports from countries that have discriminated against U.S. businesses. Unlike Section 301 sanctions, no investigation is required. Nor is there any limit on how long the tariffs can stay in place.
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“The policy basis for [Wednesday’s] duties are related to measures that Canada took against the United States,” U.S. Trade Representative Jamieson Greer said last week. “I’ve got two countries in the world that have retaliated against the United States for trade measures: the People’s Republic of China and Canada,” said Greer. “That’s not the kind of company you really want to be running in.”
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ABC News“If a country retaliates against us, we’re obviously not going to tolerate that,” U.S. Trade Representative Jamieson Greer told reporters Friday at the Iowa State Fair. “We’ll take action. My sense is the Canadians, they want to have a more conciliatory approach, but we’ll see.”
6 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 New York Post Administration officials, as of Tuesday afternoon, said there was no resolution in sight to prevent the retaliatory tariffs from going into effect at 12:01 am.
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02 BBC News The announcement came less than two hours before a 50% levy on nearly $20bn (C$28bn) of Canadian imports were set to go in place.
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03 ABC News Tension between Washington and Ottawa is already high, stoked by trade disputes and President Donald Trump's inflammatory comments about making Canada the 51st U.S. state
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04 New York Times Voters Head to the Polls on Either End of the Country Also, it’s crunch time for U.S.-Canada trade. Here’s the latest at the end of Tuesday.
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05 NBC News Prime Minister Mark Carney’s office did not immediately respond to a request for comment about the deal.
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06 Fox News Chris Swonger, president and CEO of the Distilled Spirits Council, said the stakes cut both ways, saying the tariff could hit U.S. hospitality businesses while also potentially pressuring Canada to put American spirits back on its shelves.
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Sources (8)
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- reuters
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- foxnews