President Trump said Tuesday he has paused the that were set to take effect Wednesday.

"I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL!" Mr. Trump said in the Truth Social post.

On Monday, Canadian Prime Minister Mark Carney told reporters that the U.S. and Canada were "negotiating."

"The negotiations are very intense and delicate. This is not the time to talk about negotiations in public," Carney told reporters Monday, speaking in French.

Mr. Trump has had a tense relationship with Canada due to trade, NATO, a dispute over a Detroit-area bridge and his threats to make Canada the U.S.' 51st state.

This is a breaking story. Check back for updates.