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Canada plans to lift several retaliatory tariffs on US goods but will keep tariffs on US autos, steel and aluminum.
Canada’s Prime Minister Mark Carney talks with President Donald Trump before a group photo at the G7 Summit. (AP file photo)
Canada will announce on Friday that it is removing many retaliatory import tariffs on US goods as a goodwill gesture aimed at restarting stalled trade talks, Reuters reported citing sources in the know. Tariffs on US autos, steel and aluminum will remain in place for now, the report added. The counter-tariffs being lifted now apply to goods compliant with the US-Mexico-Canada Agreement (CUSMA), as per the report.
This comes as Canadian Prime Minister Mark Carney spoke with US President Donald Trump this week for the first time since June, in what his office described as a “productive conversation.” The move follows months of talks on a new economic and security framework that so far have failed to produce a breakthrough.
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Mark Carney, who won an April election vowing to stand firm against Donald Trump’s tariffs, has since softened his tone. In June, he scrapped a proposed digital services tax opposed by US companies and in July backed away from threats of new sanctions if no deal was reached by August 1.
The rollback could be politically risky for Mark Carney, who leads a minority Liberal government dependent on opposition support as critics accused him of being too lenient with Washington.
Mark Carney’s predecessor, Justin Trudeau, had imposed 25% tariffs on C$30 billion ($21 billion) worth of US imports in March 2024 after Donald Trump’s initial duties, part of a broader retaliation plan covering C$155 billion in trade.
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