Trump delays new tariffs on Canada
U.S. President Donald Trump has decided to suspend the implementation of the new customs duties he planned to impose on certain Canadian goods at a rate of 50%, for a period of three days. This decision comes after intensive negotiations between the United States and Canada and progress in discussions to amend the United States-Mexico-Canada Agreement (USMCA). Trump indicated that the move was in response to Canada's commitment to eliminate discriminatory measures, while the potential agreement aims to improve access for American goods to the Canadian market and to strengthen economic cooperation. This step occurs amid ongoing efforts to avoid the imposition of tariffs, which could significantly impact sectors such as automotive, timber, dairy, and others, with estimates of affecting around $20 billion in Canadian exports to the United States.
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