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Benzinga
Benzinga
Business
Shomik Sen Bhattacharjee

Trump Pauses 50% Canada Tariffs Just Hours Before They Hit — Says US and Canada ‘Have a DEAL’ Pending Final Paperwork With Mark Carney (UPDATED)

Donald Trump Canada Mark Carney United States Ottawa Washington D.C.
President Donald Trump waits outside of the West Wing

Editor’s Note: The story has been refreshed with the latest market price action and a revised headline.

President Donald Trump late Tuesday paused 50% tariffs on about $20 billion of Canadian imports for three days, less than two hours before they were due to take effect, saying Washington and Ottawa "have a DEAL" pending final paperwork.

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