U.S. President Donald Trump has temporarily suspended the introduction of 50% tariffs on a wide range of Canadian products. The three-day delay, lasting until August 21, follows a phone call with Canadian Prime Minister Mark Carney. The new tariffs were originally scheduled to take effect today.
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Trump said on Truth Social that the decision to suspend the tariffs was linked to an agreement reached between the United States and Canada, although final documents still need to be completed. He also mentioned the possibility of reviving the Keystone XL pipeline project, which had been halted under former President Joe Biden’s administration.
Canadian Prime Minister Mark Carney confirmed that the two countries had made significant progress, while stressing that several issues still need to be resolved. According to Carney, the tariff suspension will remain in effect until August 21, with negotiations between Washington and Ottawa set to continue.
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Trump signed the order imposing the 50% tariffs last month, arguing that Canada had treated U.S. alcoholic beverages, automobiles, and dairy products unfairly. If implemented, the measures would affect approximately $20 billion worth of Canadian imports annually.
Canadian negotiators have already spent a week in Washington, and according to local media, Ottawa has offered several concessions. These include putting pressure on Canadian provinces to restore U.S. alcohol and wine to their shelves. The outcome of further negotiations will determine whether the planned tariffs are withdrawn permanently or take effect once the three-day suspension ends.
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Source: ČTK
