U.S. President Donald Trump has postponed the implementation of a planned 50% tariff on selected Canadian imports for three days, saying the decision follows a breakthrough in negotiations between the United States and Canada.

The additional tariffs had been scheduled to take effect on Aug. 19, but Trump announced that their implementation would be temporarily suspended while both sides finalize the necessary documents.

Agreement prompts temporary suspension

In a post on social media, Trump said the delay was conditional upon the completion of the final agreement.

"I have suspended the planned 50% tariffs on Canada for a period of three days, subject to the finalization of the documents, because the United States and Canada have reached an agreement," he said.

The White House has not yet released further details about the agreement or specified which Canadian products will be covered by the temporary suspension.

Trade talks continue

The decision signals progress in ongoing trade negotiations between Washington and Ottawa, which have sought to resolve disputes over tariffs and market access.

Officials from both countries are expected to complete the legal and administrative procedures before the new deadline expires. It remains unclear whether the three-day delay will lead to a permanent resolution or whether the proposed tariffs will ultimately take effect.

The United States and Canada are among each other's largest trading partners, with bilateral trade valued at hundreds of billions of dollars annually, making any change in tariff policy significant for businesses and supply chains on both sides of the border.(ILKHA)