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Trump reaches deal with Canada suspends tariffs
The article discusses U.S. President Donald Trump's announcement of a three-day suspension of the 50% tariff on Canadian goods, following a tentative agreement with Canada regarding trade negotiations. Trump stated that the decision was made based on progress in the negotiations, and he hinted at the possibility of reviving the Keystone XL pipeline project, which had been halted by the Biden administration. Meanwhile, Canadian Prime Minister clarified that the work is not yet complete despite the temporary tariff suspension. The Oxford Economics Foundation estimates that the potential tariffs could impact around $20 billion worth of Canadian exports to the United States, with an expected greater influence on manufacturing sectors. The goal is to reach a binding trade understanding that avoids imposing new tariffs and prevents further escalation of tensions between the two countries.
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