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Trump pauses tariffs on Canadian imports

Trump pauses tariffs on Canadian imports

By GhanaSummary NewsroomSouth Africa

United States (US) President Donald Trump announced late on Tuesday he was putting a three-day pause on new 50% tariffs set to go into effect on Canadian goods at midnight, saying the two countries had reached a deal.

The new US tariffs would have covered about $20 billion worth of imports and applied regardless of whether Canadian goods qualify for preferential treatment under the US-Mexico-Canada trade agreement, which has shielded much of Canadian industry from earlier US tariffs.” Trump said in his post on Truth Social that he paused the tariffs “based on the fact that Canada and the US, subject to the finalisation of documents, have a DEAL.

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