Less than two hours before massive U.S. tariffs on certain Canadian goods were set to take effect, President Donald Trump announced a tentative deal to avoid the new duties. The 50% tariffs were set to apply to about $20 billion worth of goods starting Wednesday at 12:01 a.m. ET. Trump announced on Truth Social that he would postpone the tariffs for three days, with the deal potentially including the revival of the Keystone XL pipeline. Canadian Prime Minister Mark Carney confirmed substantial progress had been made while noting important work remained. The deal remains subject to finalization of documents and was presented by Trump as fair for both parties.
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