According to CoinMeta, Canada and the United States are striving to reach an agreement on automobiles and tariffs before midnight in order to avoid the implementation of new 50% tariffs. Canadian Prime Minister Justin Trudeau spoke again with U.S. President Donald Trump on Tuesday this week to discuss the ongoing negotiations. The new tariffs will cover imports worth about $20 billion and may affect industries such as timber, wine, dairy products, and automobiles. Industry experts warn that the new tariffs could lead to job losses and business closures, especially in vulnerable sectors. The existing U.S. tariffs on automobiles have become a major point of contention, with both sides discussing reducing the tariffs from 25% to 15% for Canadian automobiles.