WASHINGTON (TNND) \u2014 President Donald Trump announced Tuesday night that he is pausing for three days a 50% tariff on billions of dollars worth of Canadian goods that were originally set to take effect early Wednesday morning. <\/p>\n
The decision follows an intense push in recent days, which includes talks between Trump and Canadian Prime Minister Mark Carney on Tuesday, to avert further escalation in the North American trade war. <\/p>\n
“I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for three days, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL!” Trump wrote on Truth Social.<\/p>\n
“The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!”<\/p>\n
The 50% tariff would have impacted products ranging from hockey sticks to certain liquors. <\/p>\n
The last-minute deal came after more than a week of furious meetings and technical talks.<\/p>\n
The prime minister previously said the threatened duties were a \u201cdirect violation\u201d of the U.S.-Canada-Mexico Agreement, which Trump pursued and inked in his first term.<\/p>\n
The U.S. Chamber of Commerce warned in a Tuesday statement that in the event of no deal, \u201cthe introduction of higher tariffs would damage both economies, drive up costs for U.S. families, further disrupt critical supply chains, and risk the 13 million American jobs that depend on\u201d the North American trade pact.<\/p>\n
The tariffs that were set to be imposed would have been the first-ever use of Section 338 of the Tariff Act of 1930 which allows the White House to implement duties of up to 50% on any foreign trading partner that \u201cdiscriminates\u201d against U.S. commerce.<\/p>\n","protected":false},"excerpt":{"rendered":"WASHINGTON (TNND) \u2014 President Donald Trump announced Tuesday night that he is pausing for three days a 50%…\n","protected":false},"author":2,"featured_media":173588,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[46032,17,13066,55244,45579,28,1999,55245],"class_list":["post-173587","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-50-tariffs","tag-canada","tag-keystone-xl-pipeline","tag-north-american-trade-war","tag-section-338","tag-trump","tag-truth-social","tag-u-s-canada-mexico-agreement"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/173587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=173587"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/173587\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/173588"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=173587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=173587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=173587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}