Canada-US Trade

Canada-U.S. Trade Minister Dominic LeBlanc, centre left, and United States Trade Representative Jamieson Greer, leave a meeting in Washington, D.C., on Wednesday, Aug. 19, 2026, the day after the Trump administration temporarily delayed tariffs on Canada.

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Trump says US and Canada have a trade deal, but key terms remain unclear

Trump says US and Canada have a trade deal, but key terms remain unclear

Canada and the United States have moved closer to finalizing a trade agreement that would avert threatened 50% U.S. tariffs. A senior Canadian official calls the emerging terms “a very good deal for Canada” while cautioning that negotiations are not complete. President Donald Trump says the agreement was “very fair” to both sides and predicts U.S. farmers and manufacturers will benefit. Prime Minister Mark Carney has asked provincial premiers to return U.S. alcohol to store shelves, according to Nova Scotia's premier. The tariffs on about $20 billion worth of Canadian imports have been postponed until 12:01 a.m. Saturday.