Canada Postpones Retaliatory Tariff Increase on US

Canada hit the pause button on a plan to slap the United States with retaliatory tariffs later this month, a delay to match President Donald Trump’s move to extend the negotiating deadline to Aug. 1, Politico reported Friday.

Canada was set to double its tariff on metals to 50% on July 21 after Trump’s letter on Thursday saying he would impose a blanket 35% tariff on imports from Canada. Trump set the date for Aug. 1, and Canada responded in kind, according to the report.

Canada’s 25% countertariff on American steel and aluminum will remain in place during the extended negotiations, according to the report.

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