Last-Minute "Deal Reached"! Trump Announces Delay of 50% Tariffs on Canada

Tariff cliff averted at the last moment! Trump announced a delay just two hours before the 50% tariffs were set to take effect, sending the Canadian dollar higher on the news. U.S. officials revealed that Canada has conceded on market access and plans to restart the oil pipeline. Despite Canada's cautious response, this extreme pressure tactic has bought a critical breathing period for the nearly $900 billion bilateral trade standoff.