00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Trump late Tuesday paused plans to impose 50% tariffs on about $20 billion of
00:08Canadian imports shortly before the duties were set to take effect at midnight, according to CNBC.
00:14Trump said the move followed a trade deal with Canada that remains subject to final
00:19documentation after talks with Canadian Prime Minister Mark Carney. He also suggested the
00:25Keystone XL pipeline could be revived. The 50% tariffs targeted Canadian imports including
00:30hockey sticks and wine in response to alleged trade discrimination in the auto, alcohol and
00:35dairy industries. Canadian business groups warned the duties could halt U.S. sales for some companies.
00:41Trump has already imposed tariffs on Canadian metals, lumber and auto parts,
00:45while some goods remain exempt under the USMCA. For all things money, visit Benzinga.com.
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