- President Donald Trump has announced a three-day pause on new 50 per cent tariffs on Canadian goods following progress in trade negotiations.
- Canadian Prime Minister Mark Carney confirmed that substantial progress has been made towards a deal, though important work remains to be finalised.
- The prospective agreement reportedly addresses US concerns regarding Canadian duties on dairy products, alcoholic beverages, and motor vehicles.
- The paused tariffs had been scheduled to affect approximately $20 billion worth of Canadian imports, threatening jobs in lumber, wine, and dairy sectors.
- Trump also suggested that the Keystone XL pipeline project, which was cancelled in 2021, could potentially be revived.
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