Tariffs would affect approximately $20 billion of Canadian goods. US and Canada reached a preliminary agreement; final documents remain to be completed. Canadian Prime Minister Mark Carney said substantial progress had been made. Donald Trump said the Keystone XL pipeline project may be revived. Keystone XL was proposed to transport Canadian oil to US refineries. Proposed project length: approximately 1,200 miles (1,930 km). TC Energy halted the project in 2021 after the Biden administration revoked its US permit. US–Canada trade in 2024: approximately $909 billion. The proposed 50% tariffs were announced by the White House in July 2026.