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U.S. President Donald Trump announced the suspension of the 50% tariffs that were set to be imposed on Canadian goods worth $20 billion, for a period of three days, following a preliminary agreement between Washington and Ottawa that requires completing official procedures. The decision came just before the tariffs were to be implemented, and targeted products such as wine, dairy products, cement, clothing, and hockey equipment, amid efforts to improve trade relations between the two countries. Trump also indicated the possibility of reviving the Keystone XL pipeline project, which was previously canceled amid environmental opposition and indigenous protests. The negotiations focused on reducing automotive tariffs from 25% to 15%, though disagreements remain over manufactured content standards. Recent weeks have seen rising trade tensions between Washington and Ottawa over tariffs on industrial sectors, with both sides seeking to resolve trade disputes and enhance economic cooperation.
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