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USMCA-trade-dispute

US, Canada strike last-minute deal to halt 50% tariffs
US, Canada strike last-minute deal to halt 50% tariffs
US President Donald Trump and Canadian Prime Minister Mark Carney finalized a last-minute agreement to postpone aggressive 50-percent tariffs on billions of dollars of Canadian exports. This decision, announced just before the midnight deadline, provides a short-term reprieve for businesses fearing an escalated trade war between the two partners. Carney confirmed shortly after the announcement that the US agreed to suspend the duties until 22 August. The 11th-hour breakthrough occurre...
World•19 August 2026