2 weeks ago
Trump Pauses 50% Canada Tariffs Pending Three-Day Deal
President Donald Trump planned to put a 50% tax on some goods coming from Canada.
The tax was supposed to start at midnight or the next morning.
On Tuesday, August 19, Trump said he would pause the tax for three days.
He said the United States and Canada had reached a deal, but the paperwork was not finished.
The goods could have included hockey sticks, building supplies, alcohol, honey and some clothes.
Reports gave different estimates for the value of the goods, ranging from $20 billion to $28 billion.
Trump also said the Keystone XL oil pipeline might be restarted.
Canadian Prime Minister Mark Carney had not commented when the reports were published.
Donald Trump announced a three-day pause on planned 50% tariffs against Canadian imports.
The tariffs were due to begin at midnight or the following morning on August 20.
Trump said the pause reflected a U.S.-Canada deal awaiting final documents.
Reports estimated the affected imports at about $20 billion to $28 billion.
Potentially affected goods included hockey sticks, building materials, alcohol, honey and some clothing.
- Who
- U.S. President Donald Trump announced the pause; Canadian Prime Minister Mark Carney had not commented.
- What
- Trump paused planned 50% tariffs on certain Canadian imports for three days while deal documents are finalized.
- Where
- The measures concern trade between the United States and Canada.
- When
- Tuesday, August 19; the tariffs were scheduled to begin at midnight or the following morning.
- Why
- Trump said the pause was based on a U.S.-Canada deal that still required finalized documents.
Key facts
- Tariff rate
- 50%
- Pause duration
- Three days
- Scheduled start
- Midnight or the following morning after the August 19 announcement
- Estimated imports
- About $20 billion according to the U.S. Trade Representative’s office; another report estimated around $28 billion
- Potentially affected goods
- Hockey sticks, cement and other building materials, alcohol or liquor, honey and certain clothing
- Announcement source
- Donald Trump’s posts on Truth Social
- Pipeline reference
- Trump said the Keystone XL Pipeline may be revived
Quotes
Donald J. Trump
U.S. President
“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!”
m.rediff.com
wionews.com
“The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave! Thank you for your attention to this matter.”
m.rediff.com
Sources
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