Canada removes some of its retaliatory tariffs on U.S.
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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 that are compliant with the existing North American free trade agreement, Prime Minister Mark Carney has said, matching exemptions affirmed earlier this month by Washington.
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.
Canada is dropping many of its 25% tariffs on goods made in the United States, with the change set to take effect Sept. 1, Prime Minister Mark Carney said..
Canada will remove many retaliatory import tariffs on U.S. goods and intensify contacts with the United States on striking a new trade and security relationship, Prime Minister Mark Carney said on Friday.
Canadian Prime Minister Mark Carney and President Trump are planning further talks regarding trade and a new economic and security agreement between the U.S. and Canada. Canada is the sole Group of Seven country that didn't reach a tariffs deal with the U.