Trump delays new tariffs on Canadian goods for three days
The US president said talks with Canada were close to a trade agreement and pushed back planned tariffs shortly before they were due to take effect.
US President Donald Trump said late Tuesday that he would postpone new tariffs on a broad range of Canadian imports for three days, as Washington and Ottawa moved closer to a trade deal. The delay came just before the measures were set to begin.
Trump announced the pause in a social media post about 90 minutes before the midnight deadline, according to the New York Times. The planned duties were to apply to goods from Canada at a rate of 50 percent.
The BBC reported that Trump said the two countries were nearing an agreement, though no deal had been formally announced. The brief extension gives negotiators more time to settle the terms.
Canada is one of the United States' largest trading partners, and tariff changes between the two countries have been closely watched by businesses on both sides of the border. The latest delay follows a series of trade tensions between the two governments.
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