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Trump delays 50% tariffs on Canadian goods after last-minute trade deal.

Market News
19 Aug 2026
Forbes
View Source
Neutral
Trump delays 50% tariffs on Canadian goods after last-minute trade deal.

President Donald Trump has paused the implementation of 50% tariffs on a range of Canadian products after the U.S. and Canada reached a last-minute trade agreement. The tariffs, initially set to take effect on Wednesday, are delayed for three days to finalize the deal, which includes improved market access for American goods and economic security measures. Canadian Prime Minister Mark Carney acknowledged progress but noted that negotiations are ongoing. This pause avoids immediate trade disruption and could revive the Keystone XL Pipeline project, which Trump criticized as previously halted by the Biden administration.

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