President Trump announced a three-day delay on imposing 50 percent tariffs in a social media post on Tuesday night, roughly 90 minutes before the midnight deadline. The move comes as the president claimed a deal with Canada is near, pausing escalating trade tensions between the two nations. The tariffs, which were set to take effect at 12:01 a.m., would have targeted a wide range of Canadian imports, potentially disrupting supply chains and raising costs for American consumers and businesses. Trump's last-minute announcement via Truth Social signaled a willingness to negotiate further, though details of the potential agreement remain unclear.

Canadian officials have not yet publicly confirmed the specifics of any deal, but the delay provides a temporary reprieve for industries bracing for impact. Markets reacted cautiously to the news, with futures showing modest gains as investors assessed the reduced immediate risk. The three-day window allows both sides to finalize terms, though the threat of tariffs remains if talks collapse.

This development follows weeks of escalating rhetoric and retaliatory measures, highlighting the volatility of U.S.-Canada trade relations under the current administration.