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Trump pauses 50% tariffs on Canada hours before deadline

Washington Examiner · back to the audit

President Donald Trump on Tuesday announced he would be pausing his planned 50% tariffs on Canadian goods just hours before they were meant to take effect, avoiding a trade war between the United States and its northern neighbor.

"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.

Trump's deadline for the tariffs to go into effect was Wednesday at 12:01 a.m., but after Washington and Ottawa met for talks, the two countries reached a deal, Trump said, as both sought to prevent another escalation in a trade dispute that has strained relations between the longtime allies.