Canada and US in Last-Minute Talks to Avert 50% Tariffs Before Wednesday Deadline

Hours before a midnight deadline, Canada and the United States are engaged in urgent negotiations to prevent 50% tariffs on approximately $20 billion worth of Canadian goods. The tariffs are set to take effect at 12:01 a.m. Wednesday. Auto tariffs have emerged as a central sticking point in the talks, with both sides scrambling to reach a last-minute agreement. The outcome of these discussions will determine whether the punitive trade measures are implemented or suspended. The high-stakes negotiations highlight the fragility of cross-border trade relations and the potential economic impact on both nations if the deadline passes without a deal.