Trump says he paused 50% tariffs on some Canadian goods as deal being finalized
President Trump said Tuesday that the U.S. and Canada have reached a last-minute agreement to pause the 50% tariffs.
Updated on: August 18, 2026 / 11:03 PM EDT / CBS News
President Trump said Tuesday he has paused the 50% tariffs on a range of Canadian goods that were set to take effect Wednesday.
"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!" Mr. Trump said in the Truth Social post.
On Monday, Canadian Prime Minister Mark Carney told reporters that the U.S. and Canada were "negotiating."
"The negotiations are very intense and delicate. This is not the time to talk about negotiations in public," Carney told reporters Monday, speaking in French.
The 50% tariffs would affect $20 billion worth of Canadian products, ranging from hockey sticks to tongue depressors, according to The Associated Press.