Trump delays 50% tariffs on Canada for three days after agreement

U.S. President Donald Trump announced a three-day delay in the enforcement of the 50% tariffs on products coming from Canada. The decision was made public through his Truth Social account less than two hours before the deadline for implementing these rates, which was scheduled for 12:01 AM on Wednesday.

According to reports, this delay follows a last-minute agreement between U.S. and Canadian officials, temporarily averting an escalation in trade tensions between the two countries. The postponement of the tariffs aims to open up a new margin for negotiation between Washington and Ottawa.

For his part, Canadian Prime Minister Mark Carney stated that negotiations with the U.S. government have made substantial progress, although he emphasized that the agreement is not yet fully finalized and significant work remains to be done.

The postponement of the tariffs is viewed within the context of tense trade relations between the two countries, particularly under the United States-Mexico-Canada Agreement (USMCA). This development could influence upcoming discussions regarding that treaty.

Diverse news sources reported that Trump’s announcement came amid growing concerns over the tariffs and their impact on the economies of both countries. The U.S. president had previously stated his intention to implement these tariffs as a pressure tactic against Canada.

The three-day pause in the implementation of these tariffs will provide both nations a brief reprieve to resume negotiations and address ongoing trade issues. Discussions will continue as both sides strive for a lasting resolution.