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US and Canada edge toward steel and aluminum tariff cut as Trump grants three-day pause

8/19/2026

The United States and Canada are nearing a tentative agreement to cut tariffs on specific Canadian steel and aluminum imports from 50% to 25%.

President Trump has paused the planned 50% tariffs for three days to give negotiators time to finalize a deal.

The complication: talks are still live, final rates on particular metal products remain unsettled, and US industry groups are already conditioning their support.

The current framework would halve the headline tariff rate on certain steel and aluminum shipments crossing the northern border.

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