Canada has temporarily avoided a 50 percent U.S. tariff after reaching a last-minute agreement with the Trump administration, just hours before the higher duties were scheduled to take effect. President Donald Trump said Tuesday night that he was pausing the tariffs for three days while the two countries finalize the agreement. The tariffs would have affected about $20 billion worth of Canadian goods, including wine and hockey sticks. Canadian Prime Minister Mark Carney said substantial progress had been made toward a trade deal, but added that more work remains. Trump also suggested the long-delayed Keystone XL pipeline could potentially be revived, although he provided few details and did not say whether it was part of the tariff agreement. The reprieve comes after months of strained U.S.-Canada trade relations and could give businesses, including farmers and ranchers on both sides of the border, more certainty.
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