Summary
Canada will remove some of its tariffs on goods from the United States, keeping them on items like cars, steel, and aluminum. This decision follows a phone call between Canadian Prime Minister Mark Carney and U.S. President Donald Trump and aligns with the US-Mexico-Canada free trade agreement. The changes are set to start on September 1.
Key Facts
- Canada will remove tariffs on many U.S. goods but will keep them on cars, steel, and aluminum.
- Prime Minister Mark Carney announced this decision after speaking with President Donald Trump.
- Canada originally imposed a 25% tariff on about C$30 billion worth of U.S. goods in response to U.S. tariffs.
- The U.S. tariffs were 35% on goods not covered by the existing free trade deal.
- Canada will align its tariffs with the US-Mexico-Canada free trade agreement starting September 1.
- The White House welcomed Canada's decision, calling it "long overdue."
- The majority of Canadians support the retaliatory tariffs against the U.S.
- Trump has implemented or raised tariffs on global goods, advocating for favorable trade deals for the U.S.
