Trump Delays 50% Canada Tariffs as the Two Countries Race to Finalize a Deal

President Donald Trump announced late Tuesday a temporary pause on 50% tariffs on Canada as both countries race to finalize a trade deal.The President’s announcement came hours before a series of tariffs set to cover about $20 billion worth of imports into the U.S. from Canada were set to take effect.“I have paused the 50% tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a deal!” Trump said on social media.Canadian Prime Minister Mark Carney released a statement moments later, confirming that there had been “intensive discussions” with the U.S. to “address outstanding trade issues.”“Substantial progress has been made, although there is important work still to be done,” he said.The tariffs will now be paused until Aug. 21, subject to the finalization of an agreement between the two countries.U.S. Trade Representative Jamieson Greer said the deal will include "comprehensive market access for ​all ⁠American goods, economic security commitments, digital trade alignment," along with other provisions.Trump added in his social media post that the Keys...