Trump Delays Tariffs on Canada Amid Ongoing Trade Talks

The White House announced that US President Trump has delayed imposing 50% tariffs on Canada for three days, citing Canada's commitment to remove 'discriminations' against American goods.

The move affects a range of Canadian exports, including hockey sticks and honey, as well as wine and cement. Top trade officials from Ottawa had been in Washington to hammer out a deal with their American counterparts.

Canadian Prime Minister Mark Carney said that 'substantial progress' has been made, but more work remains. He emphasized Canada's focus on building a stronger, more independent economy at home.

Dan Darby, CEO of the Canadian Manufacturers and Exporters Association, welcomed the tariff pause but expressed concern about ongoing uncertainty surrounding existing duties on steel, aluminum, and autos.