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Trump pauses Canada 50% tariffs three days as negotiators race to finalize a deal
Developing
The oil pipeline, which would connect Alberta to the US, was blocked by both the Obama and Biden administrations. In his post on Tuesday night, Trump also said a final trade deal could allow the revival of the Keystone XL pipeline.
Environmentalists and indigenous groups have long opposed the pipeline but Trump has said multiple times he would like to revive the project, which would carry 830,000 barrels of oil a day. “Our farmers are going to be thrilled, our manufacturers are going to be thrilled,” Trump said in an impromptu gaggle during a tour of South Lawn construction. Ontario Premier Doug Ford, whose province is hardest hit by US tariffs on autos, said he was open to lifting the liquor ban only if a "fair deal" is reached. US President Donald Trump said he will delay imposing new tariffs on a wide array of Canadian goods for three days as the countries firm up a trade deal. Speaking to reporters at the White House Wednesday, Trump said that talks with Canada yielded a “very fair deal for both” sides.
US President Donald Trump said he will delay imposing new tariffs on a wide array of Canadian goods for three days as the countries firm up a trade 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!" Trump said in a social media post. The announcement came less than two hours before a 50% levy on nearly $20bn (£14.8bn; C$28bn) of Canadian imports was set to go in place. The two sides have been at an impasse on several issues, including US tariffs on autos and many Canadian provinces banning American liquor sales. Senior
What's confirmed
- The oil pipeline, which would connect Alberta to the US, was blocked by both the Obama and Biden administrations.
- Environmentalists and indigenous groups have long opposed the pipeline but Trump has said multiple times he would like to revive the project, which would carry 830,000 barrels of oil a day.
What's still developing
- In his post on Tuesday night, Trump also said a final trade deal could allow the revival of the Keystone XL pipeline.
- The oil pipeline, which would connect Alberta to the US, was blocked by both the Obama and Biden administrations.