Trump delays tariff deadline for Canadian exports to US until Friday

With less than a day to spare before a punishing 50% tariff on Canadian imports was set to kick in, President Donald Trump announced on August 18 that the United States would pause the measure and push the new deadline to August 21. Canadian companies that had been bracing for the shock now have until Friday to find out whether the reprieve is permanent or merely a longer countdown. Trump made the announcement on Truth Social, citing a last-minute agreement in principle with Canada that still requires documentation to be finalized. What’s actually on the table The tariffs, originally scheduled to take effect at 12:01 a.m. on August 19, were projected to hit Canadian goods valued at roughly $20 billion to $30 billion. Dairy products and wine were among the key sectors in the crosshairs. Prime Minister Mark Carney and Trump had been in repeated contact in the days leading up to the announcement. Canada had rejected a U.S. counter-offer roughly a week before the original deadline, setting the stage for the brinkmanship that followed, with both governments letting the clock run almost to zero before pulling back. What Friday will reveal The sectors most directly affected, Canadian dair...