News Wrap: Trump pauses his 50% tariffs on Canadian imports

In our news wrap Wednesday, President Trump paused his 50% tariffs on Canadian imports and trade officials said they are working to make a final deal, the Israeli military is opening criminal investigations into two high-profile killings by its troops in Gaza and the United Arab Emirates says it is halting trade with I

US President Donald Trump announced late on Tuesday he was putting a three-day pause on new 50 percent tariffs set to go into effect on Canadian goods at midnight, saying the two countries had reached a deal.An hour later, Canadian Prime Minister Mark Carney said in a statement that “substantial progress has been made,

Two sources said one of the main sticking points was US tariffs on Canadian vehicles.

The new tariffs would have affected about US$20 billion worth of Canadian imports. Businesses warned of job losses and disruption to vulnerable sectors including lumber, wine and dairy.