Canada and US say they are finalising a trade deal

Canada and the US are finalising a highly anticipated trade deal, with President Donald Trump and Prime Minister Mark Carney touting it as a success.

Trump said the proposed deal will be welcomed by US farmers and manufacturers, while Carney said it will secure "the best terms" for Canada's strategic sectors and provide certainty on the future of US-Canada trade.

Trade negotiators met on Wednesday for the third time in as many days after Trump paused a new wave of tariffs he had threatened to impose overnight on a range of Canadian goods.

But details on what the agreement covers, what concessions both sides have made, and what still needs to be ironed out, remain unclear.

Speaking to reporters briefly on Wednesday after a 45-minute meeting with his Canadian counterpart, US Trade Representative Jamieson Greer said the Americans are "very happy" with the latest discussions.

He said he will soon brief Congress and US stakeholders on the deal's details.

"We feel confident that we've reached an agreement that will not only continue to protect American workers, American jobs, American supply chains, but really strengthen the North American economy," Greer said.

The deal eliminates "some of the irritants" that the US has had with Canada, he added.

Trump said Canada has agreed to eliminate tariffs on US farmers, though he did not specify which specific agricultural sectors would benefit.

Asked whether the US will also be reducing some tariffs it has placed on Canada, Trump said by "a little bit".

In a post on X, Carney congratulated Greer and Canada-US Trade Minister Dominic LeBlanc "for the significant progress" made in negotiations.

"We are now moving towards an agreement that reinforces that Canadian advantage, including by securing the best terms in each of Canada's most important strategic sectors and providing greater certainty about our future trading relationship," Carney wrote on Wednesday.

The prime minister met with his cabinet and leaders of Canadian provinces on Wednesday afternoon to brief them on the deal.

Following Carney's meeting, Nova Scotia Premier Tim Houston said the prime minister asked provinces to return US alcohol to Canadian markets.