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Trump pauses new tariffs on Canada and says countries close to a deal
BBC • • nation
Key Points:
- US President Donald Trump announced a three-day delay in imposing 50% tariffs on nearly $20 billion of Canadian goods, citing progress toward finalizing a trade deal between the two countries.
- The tariff delay comes amid ongoing negotiations addressing issues such as US auto tariffs, Canadian bans on American liquor sales, and trade concessions on dairy and autos.
- Trump indicated the potential revival of the Keystone XL pipeline as part of the trade deal, a project previously blocked by US administrations and opposed by environmental and indigenous groups.
- Despite substantial progress, key disagreements remain, including which vehicles qualify for reduced auto tariffs and the reinstatement of US alcohol sales, which requires approval from Canadian provincial governments.
- The tariff extension is welcomed by businesses on both sides, as the threatened tariffs would have affected sectors like wine, dairy, cement, clothing, hockey equipment, steel, aluminum, autos, and lumber.
