Canadian Prime Minister Justin Trudeau said in a statement on Friday that the decision is terrific news for Canadian steel and aluminum workers, their families, and many communities across the country.

According to a press release by the Canadian Prime Minister's Office, Trudeau and Trump discussed the new trade deal between the United States, Mexico and Canada and other issues during their phone call on Friday.

A joint statement from the U.S. and Canadian governments said the tariffs would be lifted within two days, while Mexico has yet to publish its version of the statement.

The United States imposed additional tariffs of 25 percent for steel and 10 percent for aluminum on imports from its trading partners worldwide, citing "national security" concerns.

The Trump administration's reluctance in exempting Canada and Mexico from the metal tariffs had frustrated the two countries during the USMCA negotiation, and was believed to be a major roadblock impeding the new deal's formal ratification.

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