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News Reporting· ABC News Published Aug 19, 2026

Trump says US and Canada have a trade deal, but key terms remain unclear

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Reported by ABC News. The paragraphs below are the opening of that article, reproduced word for word — not a summary, and not the whole piece.

Canada and the United States have moved closer to finalizing a trade agreement that would avert threatened 50% U.S. tariffs

WASHINGTON -- Canada and the United States moved closer Wednesday to finalizing a trade agreement that would avert threatened 50% U.S. tariffs, with a senior Canadian official calling the emerging terms “a very good deal for Canada” while cautioning that negotiations were not complete.

President Donald Trump said the agreement was “very fair” to both sides and predicted U.S. farmers and manufacturers would benefit. The tariffs on about $20 billion worth of Canadian imports have been postponed until 12:01 a.m. Saturday.

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Quoted in This Article

“the old status quo is not possible,”

Premier Scott Moe

“we will not go back to the way things were before.”

Premier David Eby