The United States and Canada are preparing to issue a joint statement that could suspend non-essential travel between the two countries in the next 24 to 48 hours, a Trump administration official tells CNN.

The agreement is not yet finalized and officials are still working to define "non-essential travel," but the official stressed that the new restrictions will ensure that business and trade between the two countries can continue.

Part of the discussions involve what types of vehicles and individuals would still be allowed to travel between the two borders and for what purpose, the official said. The restrictions will likely allow for significant flexibility.

Unlike travel restrictions on Europe and China, this would be a mutual agreement between the two countries.

"The Canadians have been our friends throughout this and many other crises and they continue to be honest brokers," the official said.

When Trump was asked at the coronavirus task force briefing whether he was considering closing the US land borders on Tuesday, he said, "I don't want to say that, but we are discussing things with Canada and we're discussing things with Mexico, quite honestly, and again, the relationship is outstanding with both, outstanding. We just signed our deal, the USMCA, and the relationship is very strong."