UPDATE — this extends our earlier coverage: US-Canada Trade Talks Stall as Washington Threatens 50% Tariffs

Donald Trump said he will delay new tariffs on a wide array of Canadian goods for three days while the two countries finalize a trade deal, according to the BBC. The pause covers a threatened 50% duty on additional Canadian products, which Sky News describes as a last-minute reprieve.

Talks had previously stalled, with Washington using the tariff threat as leverage. The pause buys negotiators time without resolving the underlying dispute.

The threat had already forced cross-border businesses to plan for the worst. A British Columbia equestrian equipment supplier told CTV News she was “really angry” while scrambling to prepare for the potential hike.

Why it matters: a US-Canada tariff war would ripple through integrated North American supply chains, from autos to agriculture, and would set a precedent for how Trump uses tariff threats as leverage against other trading partners, including the EU.