With a 12:01 a.m. ET deadline looming on Saturday, the United States and Canada are racing to strike a deal that could determine whether steep tariffs on billions of dollars worth of Canadian goods take effect — a move that would mark a major escalation in the trade war.

Autos, dairy and alcohol are a few sticking points in relations between the two countries, while the two sides failed to clarify whether these will be resolved.

The announcement, which Trump made on his social media platform, buys time for more negotiations and avoids, for now, another strain in already tense relations between the…

Senior Canadian officials are looking to make a deal to avoid new 50 percent U.S. tariffs.