politics
Trump touted a deal to avert new tariffs on Canada. Here's what we know so far
Trump's new tariffs on about $20 billion worth of Canadian goods were set to take effect Wednesday, but were postponed by three days.
TL;DR
- President Trump announced a last-minute deal to avert 50% tariffs on about $20 billion worth of Canadian goods.
- The tariffs, set to take effect Wednesday, were postponed for three days.
- The deal's specifics are unclear, but may include restarting the Keystone XL pipeline and lowering U.S. steel and aluminum tariffs.
- Canadian officials confirmed progress but declined to comment on specific details while negotiations continue.
- The agreement aims to remove alleged Canadian trade discrimination against U.S. industries.