Most of Canada’s counter-tariffs on the U.S. have now ended
Global News
Last month, Prime Minister Carney said many of Canada’s tariffs on the U.S., on goods that comply with the Canada-U.S.-Mexico trade agreement, will come down starting Sept. 1.
Most of Canada’s retaliatory tariffs against the United States came down on Monday, in keeping with Prime Minister Mark Carney’s announcement last month.
Carney announced that many of Canada’s tariffs on its biggest trading partner, on goods that comply with the Canada-U.S.-Mexico (CUSMA) trade agreement, will come down starting Sept. 1.
He said this was after he and U.S. President Donald Trump agreed to “intensify” stalled trade talks.
In February, Trump signed an executive order to levy broad-based, sweeping tariffs on Canada. The Canadian government responded immediately with then-Prime Minister Justin Trudeau announcing counter-tariffs against Washington.
“Few other countries followed suit” in imposing tariffs on the U.S., Carney said.
Carney said Canada’s move was to “match’ U.S. tariffs, which remain in place and went up from 25 per cent to 35 per cent last month. The U.S. granted exemptions to Canada under CUSMA-compliant goods, but has placed tariffs on certain key Canadian sectors.
Canada’s counter-tariffs on U.S. auto, steel and aluminum remain.
Carney said Canada and the United States have “re-established free trade for the vast majority of our goods.”
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