Trump Delays 50% Canada Tariffs to Friday as Both Sides Signal Deal Progress
Updated
Updated · The New York Times · Aug 19
Trump Delays 50% Canada Tariffs to Friday as Both Sides Signal Deal Progress
3 articles · Updated · The New York Times · Aug 19
Summary
A midnight tariff threat was pushed back to Friday after Trump said he delayed new 50% duties because he thinks the U.S. has a deal with Prime Minister Mark Carney.
Carney said the two countries were moving toward an agreement, while U.S. Trade Representative Jamieson Greer said Washington was very happy with where the talks ended up.
Steel and aluminum remain a key unresolved issue: Trump said the U.S. is looking at lowering those tariffs, possibly bringing Canada closer to rates faced by other countries.
The delay eases immediate pressure on Canada’s economy after days of brinkmanship in a trade fight that has already hit sectors including steel, aluminum, autos and lumber.