Trump pauses 50% Canada tariffs, signals US-Canada trade deal

And now moving on to some business updates. U.S. President Donald Trump has paused the planned 50 percent tariffs on Canadian goods for three days. This is just hours before they were due to take effect. Trump says that the pause follows a deal with Canada subject to finalizing the documents. The tariffs would have applied to around 20 billion dollars of Canadian imports, including goods that otherwise qualify for preferential treatment under the USMCA trade agreement. The announcement follows weeks of negotiations between Washington and Ottawa, with Trump and Canadian Prime Minister Mark Carney speaking again on Tuesday. The U.S. says that the emerging agreement will cover broader market access for American goods, economic security commitments and digital trade alignment. Washington has also cited Canadian dairy duties restrictions on U.S. alcohol and auto trade as key concerns. Canada, however, says that substantial progress has been made, but important work remains. The auto sector remains one of the biggest ticking points. The two sides have discussed reducing U.S. tariffs on Canadian vehicles from 25 percent to 15 percent, with further reductions linked to the amount of U.S. content in each vehicle. Canadian industries, including lumber, wine and dairy, had faced the risk of job losses and business closures if the new tariffs took effect. The three-day pause now gives both the sides more time to finalize an agreement, while Trump has also raised the possibility of reviving the Keystone XL pipeline.