Washington (HRNW)- US President Donald Trump has postponed the implementation of a new 50% tariff on some Canadian imports for three days as Washington and Ottawa signal progress toward a broader trade agreement.
According to Reuters, Trump announced the delay just hours before the tariff deadline, saying that a deal with Canada was close. Canadian Prime Minister Mark Carney, however, said significant progress had been made but several important issues remained unresolved.
The proposed tariffs would affect selected Canadian products, including alcohol, hockey sticks and cement, representing only a limited share of Canada’s exports to the United States.
US officials said a potential agreement could provide greater access to the Canadian market for American products and include provisions concerning economic security and digital trade.
Trade negotiations between the two countries have continued for several weeks, with Canada reportedly offering concessions, including improved market access for US goods.
Trump also raised the possibility of reviving the controversial Keystone XL pipeline project, although he provided no further details.
Support humanitarian relief efforts: Donate to HRNW
