US, Canada reach trade deal to avert steep tariffs, Trump says
Summary
The United States and Canada have made an agreement to avoid high tariffs on Canadian goods, US President Donald Trump announced. This deal stopped a 50% tax on many Canadian products that was about to start at midnight.Key Facts
- The US and Canada reached a trade deal to prevent steep tariffs.
- President Trump announced the agreement shortly before the deadline.
- The tariffs would have been 50% on many Canadian exports, like electronics, machinery, furniture, and dairy.
- The tariff was set to begin at midnight but was paused for three days because of the deal.
- The deal is still subject to final paperwork being completed.
- President Trump mentioned the Keystone XL Pipeline, saying it might be revived.
- The announcement was made on Trump's social media platform, Truth Social.
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