U.S. President Donald Trump’s pause on his proposed 50 per cent tariffs against Canada brings “relief” for businesses, but the uncertainty over the trade relationship continues, some industry groups said.
“Let’s be clear: the tariff delay provides relief on both sides of the border. Businesses may not be closing up shop with this news, but an extension doesn’t bring the certainty that a signed interim deal would,” said Candaice Lang, president and CEO of the Canadian Chamber of Commerce in a statement.
Trump sure thinks he has a deal!
Trump: “We’ve come to a deal with Canada … Canada was charging us tremendous tariffs. We no longer have any tariffs … it’s all subject to the finalization of documents” pic.twitter.com/0Sppuf1ffH
— Aaron Rupar (@atrupar) August 19, 2026
Trump’s prediction accuracy has been a bit light of late (Iran). This deal announcement may well prove premature.
My statement on ongoing Canada-U.S. trade negotiations: pic.twitter.com/rzWZJFYe8e
— Mark Carney (@MarkJCarney) August 19, 2026
