Canadian Finance Minister Dominic LeBlanc has announced that Canada will delay the second wave of tariffs on US goods until April 2.

“The United States has agreed to suspend tariffs on CUSMA (Canada-US-Mexico Agreement)-compliant exports from Canada until April 2,” LeBlanc stated on Thursday via social media, shortly after US President Donald Trump announced a tariff delay.

“As a result, Canada will not proceed with the second wave of tariffs on 125 billion Canadian dollars’ worth of US products until April 2, while we continue working toward the removal of all tariffs.”

Industry Minister Francois-Philippe Champagne emphasized that Canada’s retaliatory measures remain in place, despite Trump’s decision to delay tariffs on some Canadian and Mexican goods until April 2, as reported by Xinhua news agency.

According to local media, more than half of Canadian imports are not covered under the exemption and may still face new tariffs if they do not comply with USMCA regulations.

“As long as the threat remains, the pressure stays on,” Champagne told CTV News. “The prime minister has been clear on that. The only way to make this work is to keep the pressure.”

On Thursday, Trump signed an executive order postponing tariffs on certain goods under the CUSMA agreement.

The first phase of Canada’s retaliatory tariffs, covering $30 billion worth of US goods, took effect on Tuesday in response to Trump’s 25 percent levies on most Canadian imports.

Initially, Canada had planned to impose additional tariffs on US products—including electric vehicles, agricultural goods, electronics, steel, and trucks—by late March. However, following Trump’s tariff delay, Canada has postponed these measures until April 2.

Trump’s decision to delay 25 percent tariffs on many Canadian and Mexican goods for a month has eased concerns about a broader trade war. However, a White House official confirmed that this suspension is not retroactive, meaning tariffs paid on imports from Tuesday to Thursday will not be refunded.

Canadian Prime Minister Justin Trudeau stated that Ottawa will remain engaged in a trade dispute with Washington “for the foreseeable future,” despite certain exemptions.

In response to Trump’s announcement, Canada is delaying its second phase of retaliatory tariffs against the US. The suspension of duties will take effect at 12:01 a.m. Eastern time (10:31 a.m. Indian Standard Time) on Friday.

According to Trump’s orders, imports from Mexico that comply with the 2020 USMCA trade agreement will be exempt from the 25 percent tariffs for a month. Similarly, auto-related imports from Canada that meet USMCA requirements will also avoid tariffs for the same period. However, Canadian potash imported by US farmers will be subject to a 10 percent tariff, the same rate Trump plans to impose on Canadian energy products.

A White House official, speaking anonymously, estimated that about 62 percent of imports from Canada could still face new tariffs as they do not meet USMCA requirements. Additionally, half of Mexico’s non-compliant imports will also be taxed under Trump’s orders.