After a deadline extension, the latest U.S. tariff threats seemed headed toward resolution on Wednesday, but questions lingered about what Canada would give up, and what it would get in exchange.

President Donald Trump said he was delaying the 50% U.S. tariffs on Canadian imports after the two countries reached a last-minute deal less than two hours before the deadline.

President Donald Trump late Tuesday slammed the brakes on a wave of tariffs that were set to hit Canada at midnight.

President Trump announced late Tuesday he would pause the 50 percent tariffs on many Canadian goods for three days, saying the U.S. and Canada are finalizing a deal. The tariffs were expected to go into effect at midnight Wednesday.

Tension could hit new heights at 12:01 a.m. Wednesday if Trump goes ahead with his plan to impose 50% tariffs on $20 billion worth of Canadian products, ranging from hockey sticks to tongue depressors.

U.S. and Canadian officials have been in wall-to-wall talks for several days, with the administration pressing Canada to drop retaliatory measures it took against Trump’s tariff

Mark Carney will need to sell Canadians on any concessions made to the US as negotiators scramble to reach a deal to avoid Trump’s latest tariffs.

A never-before-used trade law could put thousands of imports in the crosshairs. Learn which products may cost more and how to get ahead of potentially higher prices.