Trump Pauses Tariffs with Canada | Business and Finance News

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Recorded19 Aug 2026

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Trump’s last-minute social media deal with Canada pauses $20 billion in looming 50% tariffs—saving everything from hockey sticks to tongue depressors from sudden price spikes. The move buys time for talks and avoids a full-blown trade war between two nations trading nearly $900 billion annually. Both sides backed off: Canada, reliant on U.S. markets for 72% of its exports, and the Trump administration, wary of fueling inflation ahead of midterms. This isn’t the first time Trump has weaponized tariffs—he’s used them globally under Section 338, a rarely invoked tool designed to punish unfair trade practices. As NAFTA renegotiations heat up, these threats give Washington leverage to extract concessions—keeping this high-stakes standoff from boiling over—for now. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/073f5b6ddb6d9522

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