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

Economy by : (Business Standard) -
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 .

Hence then, the article about us canada reach deal to delay 50 tariffs on canadian imports trump was published today ( ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( US, Canada reach deal to delay 50% tariffs on Canadian imports: Trump )

Last updated :

Also on site :

Most Viewed Economy
جديد الاخبار