WASHINGTON, D.C. (RFD NEWS) — New U.S. tariffs on Canadian goods are on hold for three days as the Trump administration and Canadian officials work toward a trade agreement.
The additional 50 percent tariffs were scheduled to take effect Wednesday, but President Donald Trump announced a delay late Tuesday, saying the two countries are close to finalizing a deal. The proposed duties would affect roughly $20 billion worth of Canadian goods.
The pause comes as U.S. and Canadian negotiators continue discussions over market access and other trade issues.
During a recent congressional hearing, lawmakers raised concerns that Canada could respond with additional tariffs. U.S. Trade Representative Jamieson Greer said he is not concerned about retaliation, pointing to what he says has been continued progress on market access for American farmers.
“We’re keeping the market access in Canada and Mexico,” Greer said. “The nature of all our trade deals over the past year has been expanding market access for our farmers.”
Greer has met with Canadian officials multiple times in recent weeks as the two sides work to resolve outstanding trade issues. Recent talks have focused on expanding U.S. access to Canadian markets, along with broader economic and digital trade provisions.
Canadian Prime Minister Mark Carney has confirmed substantial progress, but said important work remains before a final agreement is complete.
Trump says the two countries are now finalizing the necessary documents, giving negotiators until the end of the three-day pause to complete the deal.
USDA Eyes Ethanol as Key Opportunity for New Export Markets
Farmers are always looking for new markets, and USDA Undersecretary Luke Lindberg says he has his sights set on ethanol as the U.S. continues to expand its presence as a global provider.
Lindberg says U.S. ethanol exports are on track for a record year, with continued growth expected for the biofuels industry overseas.
“This year, we are breaking a record on U.S. ethanol exports around the world. Best year ever,” Lindberg said.
He also emphasized the importance of diversifying agricultural markets so the U.S. is not dependent on just one or two key buyers.
Looking ahead, Lindberg says he will focus on building resiliency into U.S. agricultural export markets.
