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American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other's products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They're concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.

The Canadian government has ordered the country's two major freight railroads to enter binding arbitration. Labor Minister Steven MacKinnon announced the decision at a news conference Thursday, moments after The Associated Press broke the news publicly. The railroads have said that once the dispute enters arbitration the trains will be able to get moving again.