A last-minute agreement between the United States and Canada has postponed the implementation of new tariffs on Canadian products. The steep tariffs, originally set to become effective at 12:01 a.m. on Wednesday, have been put on hold for three days, subject to the finalization of the deal.

The agreement was reached late Tuesday, preventing the introduction of 50 percent tariffs on items such as beer, cheese, and other Canadian goods. These tariffs were announced by President Donald Trump last month and were anticipated to increase tensions between the United States and Canada, an important trading partner.

Stickers indicating Canadian origin are visible on cheese containers at a grocery store in British Columbia, illustrating the close trade ties between the two countries. The potential tariffs had sparked concerns over the economic impact on both sides of the border.