00:00U.S. President Donald Trump has paused 50% tariffs on Canadian goods for three days
00:06after announcing a preliminary agreement between the two countries.
00:10About an hour later, Canadian Prime Minister Mark Carney says substantial progress had been made,
00:15but important work remained before negotiations could be completed.
00:20The comments followed a phone call between Trump and Carney on Tuesday afternoon,
00:25marking their second conversation this week as both sides sought an agreement.
00:30After the talks, Trump said Canada had agreed to address U.S. concerns
00:33over duties on dairy products, alcoholic beverages and motor vehicles.
00:38However, U.S. officials provided no further details about the agreement,
00:42while the Canadian government did not confirm the specific commitments described by Trump.
00:47The planned tariffs would have affected about US$20 billion in imports,
00:52including goods eligible for preferential treatment under the USMCA trade agreement.
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