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Canada Removes Most Retaliatory Tariffs on U.S. Imports Amid Trade Talks
Canada Removes Most Retaliatory Tariffs on U.S. Imports Amid Trade Talks
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BTCCSquare news:
Canada has lifted the majority of its retaliatory tariffs on U.S. imports, signaling a thaw in trade tensions between the two nations. The MOVE follows a phone conversation between Canadian Prime Minister Mark Carney and U.S. President Donald Trump, described as "productive" by officials.
The tariffs, initially imposed in March as a countermeasure to U.S. duties on Canadian steel and aluminum, had escalated trade friction. While duties on vehicles, steel, and aluminum remain unchanged, other retaliatory measures will expire by September 1. Prime Minister Carney emphasized that the rollback aims to revive stalled negotiations.
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