Trump announces suspension of 50% tariffs on Canada for 3 days

(Central News Agency, Washington, 18th, comprehensive foreign news reports) The United States has imposed tariffs of up to 50% on approximately $20 billion of Canadian goods. It was originally scheduled to take effect at 12:01 midnight Eastern Time. But at the last minute, President Trump announced a three-day suspension.

According to reports from CNN and Agence France-Presse, Trump posted on the "Truth Social" late this night: "Canada's 50% tariff, which was originally scheduled to take effect tomorrow morning, has been given a three-day buffer period because the United States and Canada have basically reached an agreement and are only waiting for the final document to be finalized!"

In the post, he mentioned the US-Canada oil pipeline "Keystone XL" and said that the project "may be revived", but did not elaborate further.

Trump has advocated in the past for reviving the controversial pipeline, which was opposed by environmental groups and had been blocked by his predecessor, President Joe Biden.

The agreement between the United States and Canada was reached after several days of talks. While negotiations continued, Canadian Prime Minister Mark Carney and Trump also spoke on the phone for two consecutive days yesterday and today. Carney described the negotiations with the Trump administration as "very sensitive and intense."

The latest U.S. tariffs originally covered approximately $20 billion worth of Canadian imports, and will be fully applied regardless of whether they qualify for preferential treatment under the United States-Mexico-Canada Agreement (USMCA). In the past, under the protection of the United States-Mexico-Canada Agreement, most Canadian industries were protected from the impact of U.S. tariffs.