Trump suspends new tariffs on Canada for three days after talks

US President Donald Trump announced he has suspended the implementation of new tariffs he intended to impose on certain Canadian goods, following intensive negotiations between the two countries that continued until the final hours before the deadline.

Trump wrote in a post on his Truth Social platform that the decision to suspend the 50% tariffs for three days was "based on the fact that Canada and the United States, pending completion of official procedures and documentation, have reached an agreement."

Trump's announcement came after urgent talks with Canadian Prime Minister Mark Carney, just hours before the tariffs were set to take effect at midnight between Tuesday and Wednesday.

The US president added, "The great Keystone XL pipeline project, which sleepy Joe Biden killed long ago, may come back to life," noting that he has repeatedly called for reviving the project, which was halted by the previous administration amid opposition from environmental groups.

https://truthsocial.com/@realDonaldTrump/117119761850520698

Last month, Trump signed orders to impose 50% tariffs, accusing Canada of "discriminatory treatment" against American products, especially alcoholic beverages, cars, and dairy products.

Canadian negotiators in Washington are continuing efforts to reach a deal that would spare their country from the new tariffs, seeking exemptions for the automotive, steel, lumber, and aluminum sectors.

Former US Commerce Department official Christopher Padilla said the Trump administration is using the threat of tariffs to extract concessions from Canada during negotiations to renew the United States-Mexico-Canada Agreement (USMCA), warning that political considerations could hinder any potential trade understanding.

Earlier this year, the US Supreme Court struck down part of the global tariffs imposed by Trump, prompting him to seek a different legal basis for the new tariffs on Canada.