Economy
US and Canada Secure Last-Minute Trade Agreement to Avoid Massive Tariffs, Trump Announces
Al Jazeera EnglishAugust 19, 2026 at 08:58 AM1 views
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This story, titled "US, Canada reach trade deal to avert steep tariffs, Trump says" First published on Al Jazeera English and was retrieved from its original source on August 19, 2026.
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US President Donald Trump speaks with Canadian Prime Minister Mark Carney at a working lunch with leaders of the G7 and the Middle East in Evian-les-Bains, France, June 16, 2026.
The United States and Canada have successfully reached an agreement to prevent steep tariffs on billions of dollars of Canadian goods, according to an announcement by US President Donald Trump.
The announcement came just moments before a midnight deadline that would have enacted a 50 percent duty on numerous Canadian exports, such as electronics, industrial machinery, furniture, and dairy products.
“I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL!” Trump stated in a post on Truth Social.
“The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!”
More to follow…
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