Canada to ease retaliatory tariffs on US goods: Report

HAMILTON, Canada

Canada plans to remove many of its retaliatory tariffs on American products in an effort to ease trade tensions with Washington, DC, according to a report released on Friday.

Prime Minister Mark Carney is expected to announce the decision after a Cabinet meeting, according to a Bloomberg report, which cited people familiar with the matter.

The change means a wide range of US-made consumer goods will no longer face the 25% tariffs if they comply with the US-Mexico-Canada Agreement (USMCA).

The report also noted that Canada plans to keep its 25% import taxes on US steel, aluminum, and automobiles, sectors where US President Donald Trump has imposed levies.

The report comes a day after Carney and Trump had a "productive" phone call about trade.

HAMILTON, Canada

Canada plans to remove many of its retaliatory tariffs on American products in an effort to ease trade tensions with Washington, DC, according to a report released on Friday.

Prime Minister Mark Carney is expected to announce the decision after a Cabinet meeting, according to a Bloomberg report, which cited people familiar with the matter.

The change means a wide range of US-made consumer goods will no longer face the 25% tariffs if they comply with the US-Mexico-Canada Agreement (USMCA).

The report also noted that Canada plans to keep its 25% import taxes on US steel, aluminum, and automobiles, sectors where US President Donald Trump has imposed levies.

The report comes a day after Carney and Trump had a "productive" phone call about trade.