Donald Trump: "I have paused the 50% Tariffs against Canada, that were scheduled to kick in…"

President Donald Trump announced late Tuesday that he had suspended, for three days, the 50 percent tariffs on roughly $20 billion in Canadian imports that were set to take effect early Wednesday, saying the two countries had reached an agreement pending final paperwork. The threatened duties, authorized under a 1930 trade law, targeted products including liquor, dairy, vehicles, and hockey equipment, and Canada had threatened countermeasures. Prime Minister Mark Carney confirmed “substantial progress” in talks and said Ottawa agreed to the pause through August 21 while negotiations continue. Trump and Carney spoke twice in recent days. The last-minute delay eases tensions between the allied trading partners, which exchanged about $880 billion in goods and services last year.