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Update · 04:27 pm AEST · 19 August 2026

32 DAYS AGO Key event Share

Trump pauses 50% Canadian tariffs after reaching trade deal

Trump pauses 50% Canadian tariffs after reaching trade deal
Photograph: Channel NewsAsia business

US President Donald Trump announced a three-day pause on new 50 per cent tariffs on Canadian goods late on Tuesday after reaching an agreement. There was no immediate comment or confirmation from the Canadian government.

The pause follows a conversation between Trump and Canadian Prime Minister Mark Carney on Tuesday afternoon, according to Channel NewsAsia, Channel NewsAsia business reports.

Trump pauses tariffs on Canadian imports, Carney says key work remains The new tariffs would have affected about US$20 billion worth of Canadian imports. Businesses warned of job losses and disruption to vulnerable sectors including lumber, wine and dairy. channelnewsasia.com
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