The U.S. and Canada are holding last-minute negotiations to block Trump’s 50% tariffs

President Trump set a deadline of 12:01 a.m. on Wednesday. The U.S. and Canada are negotiating in an effort to reach a truce on tariffs before a 12:01 a.m. Wednesday deadline set by U.S. President Donald Trump.If no deal is reached, Trump has threatened to impose 50% tariffs on $20 billion worth of Canadian products, ranging from hockey sticks to tongue depressors.“We are negotiating,” Canadian Prime Minister Mark Carney told reporters Monday, speaking in French. “The negotiations are very intense and delicate. This is not the time to talk about negotiations in public.”Carney and Trump spoke by phone Monday afternoon about the ongoing trade negotiations, Carney’s office said, underscoring the last-minute push to reach a deal before Wednesday’s deadline.The two countries have wrangled for decades over trade, poking each other over sore spots like Canadian softwood lumber imports and U.S. access to Canada’s protected dairy market.Somehow they still managed to remain friends, allies — and trading partners. Canadian soldiers fought alongside Americans in Afghanistan after 9/11. The 5,525-mile U.S.-Canada border is undefended, and nearly 330,000 people and $2 billion dollars’ worth of goods cross it every day; 800,000 Canadians live in the United States.Trump’s belligerent approach to dealing with Canada marks an extraordinary departure from the traditionally cooperative relationship between the two countries. Trump has hit Canadian goods with tariffs — in a push to bring manufacturing back to the United States — and has repeatedly made inflammatory comments about turning Canada into America’s 51st state.The Canadian public is fed up. A petition to expel the U.S. ambassador, a Trump ally, has collected nearly 218,000 signatures since July 21. It accuses Ambassador Pete Hoekstra of having “normalized” Trump’s talk of annexing Canada, among other things.