US EditionRetaliatory tariff turnaround puts Ottawa in better negotiating spot: LeBlanc
Canada will maintain tariffs on steel, aluminum, and autos while removing others on U.S. goods under the USMCA to restart trade talks, affecting billions in bilateral trade, officials said.
- Canada's trade minister said dropping retaliatory tariffs puts Ottawa in a better position to negotiate changes to U.S. duties on key sectors.
- Prime Minister Carney announced Canada will drop some retaliatory tariffs to match American tariff exemptions under the Canada-United States-Mexico trade agreement .
- Minister LeBlanc said Canada's counter-tariffs remained a sticking point for the U.S., and getting the best deal for Canadian businesses and workers is the government's responsibility.
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Canada Drops Retaliatory Tariffs, Optimistic on Trade Deal
Canada expressed optimism about reaching a new trade agreement with the United States after dropping most of its retaliatory tariffs. Canadian Finance Minister Dominic LeBlanc said talks with Commerce Secretary Howard Lutnick, along with direct communication between Canadian Prime Minister Mark Carney and President Donald Trump, have improved prospects for renewed negotiations. On Friday, Carney announced the removal of retaliatory tariffs on te…
Canada-U.S. Trade Minister Dominic LeBlanc said the decision to abandon retaliatory tariffs places Ottawa in a better position to negotiate changes to the devastating duties imposed by U.S. President Donald Trump on key sectors.
The withdrawal of U.S. counter-tariffs should facilitate negotiations on a trade agreement, according to Minister Dominic LeBlanc.
Abandoning certain retaliatory customs duties also appeases tensions for the renegotiation of the ACEUM, according to him.
Retaliatory tariff turnaround puts Ottawa in better negotiating spot: LeBlanc
Canada-U.S. Trade Minister Dominic LeBlanc said the decision to drop retaliatory tariffs puts Ottawa in a better position to negotiate changes to U.S. President Donald Trump’s devastating duties on key sectors and eases tensions ahead of a review of a critical continental trade agreement.
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