Canada halts second tariff wave after Trump announces pause on some duties [Video]

President Donald Trump addresses a joint session of Congress in the House chamber at the U.S. Capitol in Washington, Tuesday, March 4, 2025. THE CANADIAN PRESS/AP, Julia Demaree Nikhinson

Finance Minister Dominic LeBlanc said Ottawa will suspend a second wave of retaliatory tariffs after U.S. President Donald Trump signed an executive order Thursday to pause some new duties on Canada and reduce potash levies to 10 per cent.

LeBlanc posted on social media that Canada will not proceed with planned retaliatory tariffs on $125 billion worth of U.S. products until April 2, and will continue to push the Trump administration to drop all of its latest duties.

Details of Trump’s order, read out Thursday in the Oval Office, link the tariff relief to maintaining the flow of automobile parts that comply with the Canada-U.S.-Mexico Agreement, known as CUSMA, and to helping farmers who need potash for fertilizer.

It modifies the …

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