US Pauses Tariffs on Canadian Goods Amid Last-Minute Trade Deal
President Trump announced a halt to potential 50% tariffs on $20 billion worth of Canadian goods just hours before they were scheduled to take effect, following a last-minute deal between the two countries.
Denver, CO, August 19, 2026 —
The United States has halted plans to impose 50% tariffs on approximately $20 billion worth of Canadian goods. The announcement came just hours before the tariffs were slated to go into effect.
The decision to pause the tariffs followed a last-minute trade agreement reached between the United States and Canada. Specific details of the agreement were not immediately available.
President Trump had previously signaled his intention to implement the tariffs, which would have impacted a significant volume of goods traded between the two North American nations. The value of the goods targeted by the proposed tariffs was reported to be around $20 billion.
The eleventh-hour deal averted an immediate escalation of trade tensions. Further information regarding the terms of the agreement and its long-term implications is expected.
Story summarized from the original created by AP via Scripps News Group on www.denver7.com, see more information here.
