Trump pauses Canadian tariffs following trade agreement

US President Donald Trump has announced a three-day pause on new 50% tariffs scheduled to take effect on Canadian goods. The decision follows a deal between the United States and Canada, according to a statement from Trump on Truth Social.

Canadian Prime Minister Mark Carney noted that "substantial progress has been made, although there is important work still to be done." While specific details of the agreement have not been fully confirmed by the Canadian government, the US Trade Representative's office indicated the deal will involve comprehensive market access, economic security commitments, and digital trade alignment.

Trump stated that Canada has committed to addressing US concerns regarding duties on motor vehicles, alcoholic beverages, and dairy products. The proposed tariffs would have impacted approximately $20 billion in imports, regardless of US-Mexico-Canada trade agreement protections.