After a deadline extension, the latest U.S. tariff threats seemed headed toward resolution on Wednesday, but questions lingered about what Canada would give up, and what it would get in exchange.

Justin Trudeau and Mark Carney appeared to make progress in negotiations with Donald Trump over tariffs, though details remained unclear. The talks focused on resolving ongoing trade disputes between the U.S. and Canada.

Key sticking points included Canada's potential concessions and the reciprocal benefits it expected. Sources indicated both sides were working toward a framework that could ease trade tensions, but specifics on timing and terms were not yet finalized.

The deadline extension provided additional breathing room for negotiators to iron out differences. However, market watchers remained cautious, noting that past extensions had not always led to lasting agreements.