nationalglobal
United States Pauses Proposed 50% Tariffs on Canadian Imports Following Last-Minute Deal
Just the facts
The United States administration agreed to hold off on imposing the 50% import tariffs after reaching a last-minute deal with Canadian officials to finalize official trade documents. President Trump stated that the two nations were nearing an agreement that averted immediate trade sanctions on a broad range of Canadian goods. In conjunction with the announcement, Trump signaled that the long-stalled Keystone XL oil pipeline project might be reconsidered and revived. Canadian and American negotiators continue to review terms to prevent the tariff implementation upon the expiration of the three-day pause.
Why this is news
President Donald Trump announced a temporary three-day delay on implementing 50% tariffs on Canadian goods, citing progress in bilateral negotiations. The announcement occurred less than two hours before the tariffs were scheduled to take effect on $20 billion worth of Canadian imports.
Sources
This summary is compiled strictly from the original reporting below.