Trump pauses 50% tariffs on Canada for 3 days

President Donald Trump late Tuesday slammed the brakes on a wave of tariffs that were set to hit Canada at midnight.

President Donald Trump late Tuesday slammed the brakes on a wave of tariffs that were set to hit Canada at midnight.

On social media, Trump wrote: “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 did not provide further details, except to refer to the Keystone XL pipeline, which he said “may be awoken from the grave!”

“The deal will include comprehensive market access for all American goods, economic security commitments, digital trade alignment, and many important provisions that will continue to protect our market and American workers, along with our Canadian partners,” the Office of the U.S. Trade Representative said in a separate social media post.

In a statement, Canadian Prime Minister Mark Carney said the postponement of tariffs would last until the end of the day Friday.