Trump says he paused 50% tariffs on some Canadian goods as deal being finalized
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
Last-minute talks were continuing between the U.S. and Canada in an effort to head off President Trump's plan to impose 50% tariffs on $20 billion worth of Canadian goods.
"We didn't start this war," Ontario Premier Doug Ford told CBS News on "The Takeout."
President Trump announced new tariffs of up to 12.5% to replace expiring Section 122 levies. Here are the rates for each country.
President Trump is imposing 50% tariffs on a range of Canadian goods, from hockey equipment to alcoholic beverages, escalating the trade dispute between the two countries.
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
The text of the bill had been finalized before Graham met with Zelenskyy last week in Kyiv.
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.