Trump’s Tariffs on Hold as President Claims Deal With Canada Is Near
New York Times · LC · trust 71/100
President Trump announced a three-day delay on imposing 50 percent tariffs in a social media post on Tuesday night, roughly 90 minutes before the midnight deadline.
Listen · 7:10 min Share full article Trucks passing over the Peace Bridge between Canada and the United States on Tuesday. Credit... Cole Burston/Agence France-Presse — Getty Images By Ian Austen Ana Swanson and Matina Stevis-Gridneff
Ian Austen reported from Ottawa, Ana Swanson from Washington and Matina Stevis-Gridneff from Toronto.
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.
“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!” Mr. Trump said.
Mr. Trump has previously announced deals with other countries, only to have them fall through — including a recent series of elapsed agreements with Iran. In a brief statement, Mr. Carney was less definitive about what the talks have produced.
“Over the last number of weeks, Canada has engaged in intensive discussions with the United States to address outstanding trade issues,” he said. “Substantial progress has been made, although there is important work still to be done.”
Reflecting his pivot away from Canada’s economic dependence on the United States, Mr. Carney added: “Canada remains focused on building a stronger, more independent, and more competitive economy at home.”
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