The US pauses planned tariffs on Canadian imports amid ongoing negotiations to finalize a trade agreement.
US President Donald Trump delayed the implementation of 50% tariffs on Canadian goods for three days, citing progress in trade negotiations. The move follows indications that both countries are close to finalizing a deal, though documents remain incomplete.
The decision marks a temporary reprieve for cross-border trade, which had faced uncertainty due to the threatened tariffs. Earlier tensions had raised concerns about supply chain disruptions and higher costs for businesses reliant on Canadian imports.
Markets may view the delay as a sign of easing trade friction, though the short duration leaves near-term risks in place until a formal agreement is reached.