Trump Suspends 50% Tariff Hike on Canada for 3 Days at Last Minute, Says Bilateral Agreement Reached
AASTOCKS News·- US President Donald Trump suspended a planned 50 % tariff increase on Canadian imports for three days following a reached trade agreement pending final documentation. - The proposed 50 % tariff would have impacted approximately 20 billion dollars in goods imported from Canada into the United States. - Trump provided minimal details while mentioning that the Keystone XL pipeline could resume construction.Trump holds off on new 50% tariffs for Canadian goods
MarketWatch·- US President Trump has temporarily suspended a planned 50% tariff on 20 billion US dollars worth of Canadian goods for 3 days. - The suspension follows an emerging agreement between the US and Canada, which may potentially revive the Keystone XL oil pipeline project. - The previously proposed tariffs were a response to alleged Canadian discrimination against US alcohol, dairy, and automotive products.