According to CoinMeta, Trump is in negotiations with Canadian Prime Minister Justin Trudeau before the United States plans to impose a 50% tariff on Canadian goods. The new tariffs are set to take effect on Wednesday, unless an agreement is reached to postpone or cancel them. Business leaders warn that this threat has created significant uncertainty and has affected sales. The new tariffs are expected to cover about $20 billion in Canadian imports, although this is just a small portion of the $382 billion the United States imported from Canada last year. Dan Kelly, president of the Canadian Independent Business Federation, said that a 50% tariff would make certain products unprofitable in specific markets.