5 Things to Know Today: Trump Pauses the Tariffs, but Your Wallet Isn't Off the Hook
August 19, 2026 Just before midnight, Donald Trump pressed pause on the 50% tariff hit that was supposed to land on Canadian goods this morning. It's not over, and it's not free — here's what actually changed and what still costs you money. 1. Trump paused the 50% tariffs for three days, citing a "deal" Less than two hours before the Aug. 19 deadline, President Trump posted on Truth Social that he was pausing the new 50% tariffs on Canadian dairy, alcohol, and a long list of other goods for three days, saying Canada and the U.S. have a deal "subject to the finalization of documents." Prime Minister Mark Carney was more measured, calling it "substantial progress" while noting "there is important work still to be done." A White House statement said Canada has "expressed a commitment" to address U.S. concerns on alcohol, autos, and dairy — but no signed text exists yet, and the pause is only 72 hours. What it means for you: ...

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