President Trump announced late Tuesday he would pause the 50 percent tariffs on many Canadian goods for three days, saying the U.S. and Canada are finalizing a deal. The tariffs were expected to go into effect at midnight Wednesday.
At the White House, the president will meet with crypto, prediction market and financial leaders, along with regulatory agency chiefs. The huddle comes as the Senate has delayed action on the Clarity Act, which would create a regulatory framework for the cryptocurrency sector, until it returns next month.
One of the last big primary election nights in the midterm cycle also brought another round of surprises.
Florida state Rep. Angie Nixon, a member of the Democratic Socialists of America (DSA), crushed Democrat Alex Vindman for a chance to run against Sen. Ashley Moody (R-Fla.) to fill out the last two years of Secretary of State Marco Rubio’s term. Rep. Debbie Wasserman Schultz (D-Fla.) prevailed in a crowded primary for a newly reshaped, plurality-Black seat.
Trump had a mixed scorecard on Tuesday night, with Rep. Byron Donalds (R-Fla.) cruising to the nomination for GOP gubernatorial candidate, among other wins. But Trump’s endorsed candidates suffered losses in two Florida House races and the Wyoming governor’s race. Read more takeaways here.