The change will go into effect on Sept. 1, Carney added, saying he believes Canada has the best trade deal out of all of the countries working with the U.S.

Canada will remove many retaliatory import tariffs on U.S. goods and intensify talks with the United States on striking a new trade and security relationship, Prime Minister Mark Carney said on Friday.

Canada will remove all tariffs on goods from the United States that are covered by the Canada-U.S.-Mexico Agreement by Sept. 1, Prime Minister Mark Carney announced on Friday.