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. Canadian Prime Minister Mark Carney told reporters Monday that negotiations were ongoing. Carney's office said Carney and Trump spoke by phone Monday, underscoring the last-minute push to reach a deal before Wednesday’s deadline.