Following Trump’s announcement, Canadian Finance Minister Dominic LeBlanc stated that Canada would suspend its planned countermeasures—which would have imposed tariffs on $125 billion worth of US goods—until 2 April, while diplomatic efforts continue to resolve the trade dispute.

Amid concerns over a trade war, US President Trump has suspended 25% tariffs on Canada and Mexico imposed earlier this week.

The federal government has put together a $6.5-billion aid package and is making temporary changes to the employment insurance program to support Canadian businesses and workers through the trade war with the United States.