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Trump suspends 50% tariffs on Canada 🇺🇸🇨🇦 Main topic - Coggle Diagram
Trump suspends 50% tariffs on Canada
🇺🇸🇨🇦 Main topic
Agreement between the United States and Canada
Trump said that both sides reached an agreement.
Conversations with Prime Minister Mark Carney.
The deal isn’t completely finalized yet.
Affected products
Dairy products.
Alcohol.
Furniture.
Industrial equipment.
Plastics.
Clothing and other manufactured products.
Suspension of tariffs
The tariffs were supposed to take effect at midnight.
They were postponed until August 21.
Canada and the United States will continue negotiating.
Economic impact
They could affect roughly 20 billion dollars in imports.
Higher costs for American families.
Possible issues in supply chains.
Risk to millions of trade-related jobs.
T-MEC
Tariffs could even affect products protected by the United States-Mexico-Canada Agreement (USMCA).
The trade deal will also be reviewed.
