Trump pauses Canada tariffs threat, and hints at revival of Keystone XL pipeline

US President Donald Trump has delayed the imposition of 50% tariffs on Canadian goods by three days. This move is significant because it gives Canada a temporary reprieve from the tariffs, which would have affected $20 billion worth of goods. The delay also hints at a possible revival of the contentious Keystone XL oil pipeline project, which Trump mentioned may be "awoken from the grave.

Why it matters

The delay in tariffs and potential revival of the Keystone XL pipeline are positive developments for Canada. This could lead to increased trade and investment between the two countries.

Market impact

Markets & countries in focus

Transmission channels

Likely winners & losers

Related coverage

• Man charged with bomb threat against US consulate in Canada South China Morning Post · 2026-08-11

Explore the intelligence

MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Guardian. For information only — not financial advice.