President Donald Trump has temporarily halted new tariffs against Canada, citing a last-minute deal. The tariffs, which would have been 50%, were scheduled to take effect and would have affected around $20 billion worth of Canadian imports.

Further details of the agreement are not fully available, but Trump described it as a fair deal for both parties. He also mentioned that the unfinished Keystone XL pipeline expansion could potentially be included in the agreement.

The Canadian Prime Minister struck a more cautious tone, noting that substantial progress had been made, but the agreement remains subject to final documentation. For more information on the deal and its implications, further details are available.