Trump Pauses $20 Billion in New Canada Tariffs
The United States and Canada are in trade talks. They are trying to avoid new tariffs.
A tariff deadline at midnight added pressure to the talks. President Trump paused $20 billion in new tariffs on Canada.
After that leaders talked up a possible trade deal. Details of the deal emerged slowly during ongoing talks.
Klear Note — Tariffs are taxes placed on goods brought in from another country. A trade agreement sets rules for buying and selling between countries.
Key Terms 1
- tariffs Extra taxes a country charges on goods coming from another country.