U.S. President Donald Trump announced late on Tuesday (August 18) night he was putting a three-day pause on new 50% tariffs set to go into effect on Canadian goods on Wednesday, saying the two countries had reached an agreement.

The pause was "based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL," Trump said in a post on Truth Social.

There was no immediate comment or confirmation from the Canadian government.

In a post on X on Tuesday following Trump's announcement, the United States Trade Representative said the deal will include "comprehensive market access for all American goods, economic security commitments, digital trade alignment", along with "many important provisions" to protect U.S. workers and "our Canadian partners".

Trump added in his social media post that the Keystone XL Pipeline - a project canceled by former President Joe Biden in 2021 after years of indigenous and environmental opposition - "may be awoken from the grave," but did not provide details.

Trump's post came after he spoke with Canadian Prime Minister Mark Carney on Tuesday afternoon, their second conversation this week, and after weeks of intense, opaque negotiations.

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