Trump pauses Canada tariffs for 3 days amid 'deal' talks, hints at Keystone XL revival

In a sudden turn of events, U.S. President Donald Trump announced a temporary pause on imposing 50-percent tariffs on certain Canadian goods, just hours before they were set to take effect. The reprieve, lasting three days, was attributed to ongoing negotiations and the prospect of a "DEAL" between the two nations.

Trump made the announcement via his Truth Social platform, stating the pause was "based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL!" This development followed urgent talks between Trump and Canadian Prime Minister Mark Carney, who had described the discussions as being at an "intense and delicate" stage.

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The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!

The U.S. president also used the announcement to signal a potential revival of the controversial Keystone XL Pipeline, a project he claimed was "long ago killed by Sleepy Joe Biden." Trump has previously advocated for the pipeline's construction, which faced opposition from environmental activists and was blocked during his predecessor's term.

The planned tariffs, which targeted approximately 5.5 percent of Canada's exports to the U.S. valued at about $20 billion, were initially imposed due to allegations of "discriminatory treatment" by Canada against U.S. alcohol, automobile, and dairy products. The duties affected items such as wine, hockey sticks, and cement. While Oxford Economics estimated the tariffs would pose a "modest" negative risk to Canada's economy overall, they predicted a more severe impact on the manufacturing sector in central Canada.

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It's not unusual for a trade negotiation to go right up to the deadline.