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The Economic Times
The Economic Times
National

US Canada trade deal: Trump announces pause on 50% tariffs on Ottawa

United States Donald Trump Canada Ottawa Mark Carney

US President Donald Trump on Wednesday announced a halt on 50 per cent tariffs on Canada that were scheduled to come into force on Thursday, saying that the two countries 'have a deal'.

"I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a deal," he said in a post on Truth Social.

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