Canada drops retaliatory tariffs
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The move represents an about-face for Canada, which had been one of the few countries to punch back against President Trump’s protectionist agenda.
Canada will remove all tariffs on US goods compliant with the North American free trade agreement, Prime Minister Mark Carney announced.
By David Ljunggren and Promit Mukherjee OTTAWA (Reuters) -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,
Canada has announced its intention to drop most of the retaliatory counter-tariffs it’d imposed in March. Canadian Prime Minister Mark Carney announced on Friday that starting Sept. […]
President Trump said he spoke to Canadian Prime Minister Mark Carney, who told him he would remove some of the retaliatory tariffs against the United States and calm trade tensions between the neighboring nations.
Canadian Prime Minister Mark Carney has received both criticism and praise on social media after announcing on Monday that he is dropping retaliatory tariffs introduced on U.S. goods that are covered under the Canada-United States-Mexico trade agreement (CUSMA).
Prime Minister Mark Carney said Canada will lift its tariffs on U.S. goods that comply with a free trade pact but keep tariffs on U.S. steel, aluminum and autos.
The move is seen as a sign of goodwill from Ottawa as it tries to reset its trading relationship with the U.S.
Prime Minister Mark Carney’s decision to remove many tariffs on imports from the US comes after a series of warnings from businesses and analysts that the levies were inflicting economic damage on Canada.
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