U.S. President Donald Trump said Wednesday he delayed tariffs on some Canadian goods for three days because he believes Washington and Ottawa have reached a trade deal, as negotiations advance toward sharply lower duties on Canadian-made vehicles, steel and aluminum.

"We delayed it for three days because I think we have ⁠a deal with the Prime ​Minister and (a) good ​deal for ⁠everybody. ‌So that's ‌good," Trump ⁠told ‌reporters.

A U.S.-Canadian trade deal still under negotiation ​is expected to cut ⁠Trump's top-line tariff ⁠rates on Canadian-built cars and trucks to ​15% from ​25% and halve ⁠the top-line tariff rates on Canadian steel and aluminum to 25%, a source familiar with the talks said.

The reduction in steel tariffs is also expected to ⁠come ⁠with a volume quota arrangement, but details were not immediately available. The 15% top-line autos tariff also would come before deductions for the value of ⁠U.S.-produced content, bringing the effective rate substantially lower, the source told ​Reuters.

Negotiations over the emerging deal, ​which staved off new 50% U.S. ⁠tariffs ‌on Wednesday, ‌are expected to ⁠continue ahead ‌of a new deadline at ​12:01 a.m. EDT (0401 ⁠GMT) on ⁠Saturday and the details could ⁠change.