President Donald Trump late Tuesday postponed his threat of a 50% tariff on a wide range of Canadian goods that was set to take effect at midnight and would have affected roughly $20 billion worth of imports.
“We’ve come to a deal with Canada,” Trump told reporters Wednesday morning from the White House lawn. He touted conversations he held with Canadian Prime Minister Mark Carney Tuesday night, adding that the deal, which has yet to be finalized, will benefit both sides.
“We’re going to give something, and we’re doing certain things,” Trump added, without elaborating further.
0:00 CNN economics reporter Elisabeth Buchwald reports on Trump's pause of tariffs on Canada
1:30 "We're doing certain things": Trump speaks at White House, announcing trade 'deal' with Canada
2:26 Former Quebec premier Jean Charest reacts to Trump's announcement and describes what Canada is looking for
6:26 Charest on Canadian boycotts of US products
7:53 Economist Justin Wolfers reacts to Trump's postponement of tariffs, using an unusual metaphor
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