Canada will remove some counter-tariffs on American goods from 1 September for goods that comply with the North American free-trade pact. Levies on steel, aluminum and autos will remain in place. The removal is intended to match how the White House treated Canadian goods. The announcement followed a phone call between Mark Carney and Donald Trump. The US has imposed tariffs on Canadian steel, aluminum, autos, copper, lumber and energy as part of broader trade policy changes. Despite these measures, 85% of Canada's trade with the United States is tariff-free. Canada has imposed retaliatory tariffs three times covering $60bn worth of goods.
Canada will drop its counter-tariffs on some American goods in the coming days, Mark Carney has said, as the country's prime minister looks to end a protracted trade war with longtime ally the United States. From 1 September, the Canadian government will remove some levies on US goods that comply with the North American free-trade pact, a move meant to match how the White House treated Canadian goods.
Levies on steel, aluminum and autos will remain in place. The announcement comes one day after Carney and Donald Trump spoke on the phone. In recent months, the US has upended global trade as it seeks to bring manufacturing jobs back and sign more favourable deals with trading partners. Carney said despite the global turmoil and American tariffs on Canadian steel, aluminum, autos, copper, lumber and energy, 85% of Canada's trade with its southern neighbour is tariff-free.
Let's be absolutely clear: Canada currently has the best trade deal with the United States, and while it's different from what we had before, it is still better than that of any other country, he said. As we work to address outstanding trade issues with the US, it is important we do everything we can to preserve this unique advantage for Canadian workers and their families.
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