Trump Delays 50% Tariffs on Canada, Cites Nearing Deal

President Trump announced late Tuesday, roughly 90 minutes before a midnight deadline, that he would delay by three days the imposition of 50 percent tariffs that had been set to take effect.

The announcement came via a social media post shortly before the tariffs were due to take effect at 12:01 a.m. Trump indicated that a deal with Canada was close, though further details about the terms of any potential agreement have not been made public.

The delay gives both sides additional time to continue negotiations without the immediate impact of steep tariffs, which would have significantly affected trade between the two countries. It remains unclear what will happen if no agreement is reached within the new three-day window.