economy
Trump pauses 50% tariffs on Canada hours before deadline
President Donald Trump on Tuesday announced he would be pausing his planned 50% tariffs on Canadian goods just hours before they were meant to take effect, avoiding a trade war between the United States and its northern neighbor.
TL;DR
- President Trump paused 50% tariffs on Canadian goods.
- The tariffs were scheduled to take effect Wednesday morning.
- A deal has been reached between Canada and the U.S.A.
- The pause is for a three-day period.
- This action avoids a trade war between the two nations.