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The Gas Tax Holiday Ends in 24 Days — Here's the Real Math on What You'll Save

  Published August 14, 2026 Ottawa's fuel excise tax suspension shuts off September 7. Here's what it's actually been worth at the pump, what changes the next morning, and who should plan a fill-up before Labour Day. The Countdown The federal fuel excise tax returns to full rate on September 8, 2026 — that's 24 days from today. Prices reset to their pre-April 20 rate the moment the clock hits midnight. If you've noticed gas feeling a little less painful since spring, that wasn't your imagination. On April 20, 2026, Ottawa suspended the federal fuel excise tax — 10 cents a litre off gasoline, 4 cents off diesel — as Middle East oil-supply disruptions pushed pump prices toward $2 a litre in some cities. The suspension, passed as part of Bill C-30, has been running for nearly four months. It ends September 7, inclusive. On September 8, the tax comes right back. What the holiday actually saved you The headline number — 10 cents a litre on gas — undersells it sligh...
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Trump Extends China Tariff Truce, Aims to Keep Trade Talks Alive

 

                                            U.S. President Donald Trump


In a last-minute move, President Donald Trump signed an executive order on August 11 extending the tariff truce with China by another 90 days, delaying steep tariff hikes that were set to take effect on August 12. The extension pushes the deadline to November 10, giving both nations more time to negotiate a broader trade agreement.

The truce, originally agreed upon in May after talks in Geneva, had lowered U.S. tariffs on Chinese goods to 30% and China's tariffs on U.S. imports to 10%. Without the extension, tariffs would have surged to 145% and 125% respectively, threatening a near-total trade embargo between the world’s two largest economies.

Trump’s decision comes amid ongoing discussions and recent meetings in Stockholm, where negotiators sought to resolve long-standing trade disputes. The president also urged China to quadruple its purchases of U.S. soybeans, a move seen as part of his broader strategy to rebalance trade relations.

Trade experts view the extension as a positive step toward de-escalation. “It demonstrated that both sides are trying to see if they can reach some kind of a deal that would lay the groundwork for a Xi-Trump meeting this fall,” said Wendy Cutler, a former senior U.S. trade official.

While the White House has not confirmed further concessions from Beijing, the pause offers relief to U.S. retailers preparing for the holiday season and signals a continued willingness to negotiate. Whether this truce leads to a lasting agreement remains to be seen, but for now, the tariff war is on hold.


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