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US, Canada reach trade deal to avert steep tariffs, Trump says

play Live Sign upShow navigation menuplay Live Click here to searchsearchSign upBREAKING, Economy|Business and EconomyUS, Canada reach trade deal to avert steep tariffs, Trump saysTrump announces pause on 50 percent duty on Canadian exports shortly before midnight deadline.

xwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoUS President Donald Trump speaks with Canadian Prime Minister Mark Carney at a working lunch with leaders of the G7 and the Middle East in Evian-les-Bains, France, June 16, 2026 [Evelyn Hockstein/Pool Photo via AP]By John PowerPublished On 19 Aug 202619 Aug 2026The United States and Canada have reached a deal to avert steep tariffs on billions of dollars of Canadian goods, US President Donald Trump has announced.

Trump made the announcement shortly before the expiry of a midnight deadline for imposing a 50 percent duty on a wide range of Canadian exports, including electronics, industrial machinery, furniture, and dairy products.

“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!” Trump wrote in a post on Truth Social.

“The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!”

Read original at Al Jazeera English

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