Trump said good progress was made during weekend trade negotiations with China, so he has suspended the tariff increase without setting a new deadline.
The Chinese promised to buy more U.S. soybeans during the negotiations.
Canada’s ambassador to the U.S., David McNaughton, has also said recently that he expects the U.S. will soon drop its tariff on Canadian steel and aluminum.
If so, it’s likely that Canada will drop its retaliatory tariffs on a long list of U.S. products.
