Trump Administration Holds Back Tariffs on Canada Amid Negotiations
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“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 posted on Truth Social less than two hours before the 12:01 a.m. Wednesday deadline.
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FortuneIn announcing the Section 338 tariffs, Trump claimed that Canada discriminates against American exports of autos, alcohol and cheese. Trump is angry because Canada and China were the only countries that punched back with retaliatory tariffs of their own when he slapped levies on their products last year.
MarketWatchPresident Donald Trump has backed away from imposing new 50% tariffs on $20 billion worth of Canadian goods that had been slated to kick in early Wednesday.
Epoch Times BusinessWASHINGTON—President Donald Trump announced on Aug. 18 that he would delay an additional 50 percent tariff on certain Canadian goods following last-minute talks between the two countries. The tariffs were originally set to take effect at 12:01 a.m. ET on Aug. 19.
ZeroHedge"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! The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!" Trump wrote on Truth Social late Tuesday night.
BBC BusinessPublished "Intense" trade talks are going down to the wire as Canada seeks to avoid a fresh round of tariffs from the Trump administration due to come into effect in less than 48 hours.
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On July 20, the White House announced the additional tariffs on certain Canadian goods, in retaliation for “unreasonable and unequal treatment” of U.S. alcohol, automotive, and dairy exports.
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ZeroHedgeA White House proclamation explained that the tariffs were suspended after Canada committed to removing discriminatory treatment across US automobiles, dairy products, and alcohol.
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″We are negotiating,” Canadian Prime Minister Mark Carney told reporters Monday, speaking in French. “The negotiations are very intense and delicate. This is not the time to talk about negotiations in public.”
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Washington Times Business″We are negotiating,” Canadian Prime Minister Mark Carney told reporters Monday, speaking in French. “The negotiations are very intense and delicate. This is not the time to talk about negotiations in public.”
Epoch Times BusinessCanadian Prime Minister Mark Carney and U.S. officials acknowledged intense, last-minute talks before the deadline. The White House declined to comment at the time of publication.
BBC BusinessPrime Minister Mark Carney kept details of the talks close to his chest when pressed by reporters on Monday, saying that given the "very delicate and intense" negotiations, it is "not the time to negotiate in public".
ZeroHedgeCanadian Prime Minister Mark Carney released a statement offering a more cautious view and stopped short of confirming that a final deal had been reached.
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Reports suggest the U.S. may reduce, but not fully remove, some tariffs in exchange for Canadian concessions such as lifting provincial bans on U.S. alcohol and removing certain countertariffs.
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BBC BusinessIt has also asked for the ban on US alcohol sales, imposed early last year by most Canadian provinces in retaliation for Trump's tariffs, be removed.
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Looking for an off ramp Nearly 72% of Canadian goods exports last year went to the United States. And the Trump administration might be wary of imposing a hefty new tariff - paid by U.S. importers who try to pass along the cost to consumers via higher prices - ahead of November’s midterm elections. American voters are already frustrated with the high cost of living.
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FortuneLooking for an off ramp Nearly 72% of Canadian goods exports last year went to the United States. And the Trump administration might be wary of imposing a hefty new tariff — paid by U.S. importers who try to pass along the cost to consumers via higher prices — ahead of November’s midterm elections. American voters are already frustrated with the high cost of living.
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“I don’t think either side really wants these tariffs to come into effect,’’ said Ryan Majerus, a partner at King & Spalding and a former U.S. trade official. “There’s a pretty strong push on both sides to find an off ramp here.’’
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Fortune“I don’t think either side really wants these tariffs to come into effect,’’ said Ryan Majerus, a partner at King & Spalding and a former U.S. trade official. “There’s a pretty strong push on both sides to find an off ramp here.’’
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Trump has made tariffs the centerpiece of his second-term economic agenda. Last year, he imposed double-digit import taxes on almost every country, justifying them by declaring the longstanding U.S. trade deficit a national emergency. The Supreme Court in February ruled that he’d overstepped his authority, striking down those tariffs and setting the stage for the federal government to pay refunds to importers.
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FortuneTrump relies on Smoot-Hawley to go after Canada Trump has made tariffs the centerpiece of his second-term economic agenda. Last year, he imposed double-digit import taxes on almost every country on earth, justifying them by declaring the longstanding U.S. trade deficit a national emergency. The Supreme Court in February ruled that he’d overstepped his authority, striking down those tariffs and setting the stage for the federal government to pay refunds to importers.
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Dominic LeBlanc, Canada’s minister for U.S. trade, met with Greer on Monday. He was tight-lipped afterward.
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Washington Times BusinessDominic LeBlanc, Canada’s minister for U.S. trade, met with Greer on Monday. He was tight-lipped afterward.
BBC Business"Our job is not yet done," US-Canada Trade Minister Dominic LeBlanc said on Monday as he left Greer's office.
9 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 Jacobin The overcharging of these activists is more than just an attempt at chilling resistance and setting a precedent to criminalize the standard course of organizing; its entire logic is based around the notion that these fifteen people presented an unusually pressing threat to the state and its agents. The primary difference between them and tens of thousands of Minnesotans, and millions of those pushing back on Immigration and Customs Enforcement (ICE) around the country, is that all fifteen are union members, many of them union leaders — and given the weight of Minneapolis’s labor movement in the fight against ICE, their organizing was understood as a serious threat to the Trump administration’s attempt to occupy the city.
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02 MarketWatch Washington Watch Trump holds off on new 50% tariffs for Canadian goods President announces three-day pause for new import taxes because U.S. and Canada are close to a deal
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03 ZeroHedge The United States Trade Representative wrote on X, "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."
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04 Fortune The two countries have wrangled for decades over trade, poking each other over sore spots like Canadian softwood lumber imports and U.S. access to Canada’s protected dairy market.
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05 Washington Times Business The United States and Canada have wrangled for decades over trade, poking each other interminably over sore spots like Canadian softwood lumber imports and U.S. access to Canada’s protected dairy market.
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06 Financial Times Canada faces deadline to stop US tariffs on $20bn of exports Mark Carney spoke to Donald Trump on Tuesday in a final push to avert American trade levies
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07 Common Dreams 5 #000000 #FFFFFF After the passage of a law that allows people with Canadian ancestry going back generations to apply for citizenship, archivists are also seeing an increase in requests for genealogical records.
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08 BBC Business Canadian negotiators have been camped out in Washington for a week, trying to pin down some agreement before new 50% tariffs on some $20bn (C$28bn) worth of Canadian imports come into effect on Wednesday.
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09 Epoch Times Business This represents about 0.5 percent of goods exported to the United States, and about 0.8 percent of Canadian GDP.
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