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US, Canada reach deal to delay 50% tariffs on Canadian imports: Trump

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US, Canada reach deal to delay 50% tariffs on Canadian imports: Trump

US, Canada reach deal to delay 50% tariffs on Canadian imports: Trump
High-resolution representative image supplied with the Business Standard RSS report.

Latest update

President Donald Trump said Tuesday he was delaying the 50 per cent US tariffs on USD 20 billion worth of Canadian imports after the two countries reached a last-minute deal hours before the sanctions were to go into effect. The announcement, which Trump made on his social media platform, buys time for more negotiations and avoids, for now, another strain in already tense relations between the historic allies. "I have paused the 50 per cent Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the USA., subject to the finalization of documents, have a DEAL!" Trump posted on Truth Social less than two hours before the 12.01 am. Wednesday deadline. Trump’s import taxes would have hit about 5 per cent of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors. But the political impact would likely have been bigger than the economic one. Canada had .

The report was published on Wed, 19 Aug 2026 08:52:56 +0530 and is attributed to AP. Prime Today News is presenting this source-attributed update so readers can understand the central development and follow the original reporting for complete context.

Why it matters

The story has implications beyond the immediate announcement, potentially affecting diplomacy, trade, security or people across borders. Fast-moving international events often produce competing claims.

As with any developing story, the significance may change as more facts become available. Dates, figures and quoted positions should be read in the context of the source publication time.

What to watch

Official statements, independently verified reporting and responses from the parties involved will provide the clearest indication of what happens next.

Prime Today News recommends relying on official releases and primary documents where decisions involving money, health, travel, law or personal safety are concerned.


Source: Read the original Business Standard report.

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