Trump announces pause on 50% tariffs on Canada, claims deal close - news.cgtn.com

In Canada and the United States, on 19 August 2026, Trump announced a three-day pause on 50% tariffs on Canadian imports, saying the two countries 'have a DEAL!'. He called the tariffs agreement 'a very fair deal for both'. Carney said key work remains.

Bloomberg reports that the US is set to halve its tariffs on Canadian steel and aluminum and cut auto tariffs to 15% in the trade deal. Reuters cites a source saying the US could cut key tariffs as part of the proposed deal, and the Toronto Sun wrote that a crisis was averted.