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 announced.
Trump made the announcement shortly before the expiry of a midnight deadline for imposing a 50 percent duty on a wide range of Canadian exports, including electronics, industrial machinery, furniture, and dairy products.
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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 wrote in a post on Truth Social.
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Source: https://www.aljazeera.com/economy/2026/8/19/us-canada-reach-trade-deal-to-avert-steep-tariffs-trump-says?traffic_source=rss