Tariffs on Hold as Trump Claims Deal With Canada Is Near

Source: New York Times

“[American buyers of goods from] Canada got a three-day reprieve on damaging new American tariffs against billions of goods, with President Trump claiming that a deal was close but Prime Minister Mark Carney saying only that substantial progress had been made. Mr. Trump announced the delay on imposing 50 percent tariffs in a social media post on Tuesday night, roughly 90 minutes before the midnight deadline. The White House issued a proclamation saying Canada had agreed to make certain trade concessions, and the extra days were needed to finalize those provisions.” (08/18/26)

https://www.nytimes.com/2026/08/18/world/canada/tariffs-trade-trump-carney.html