US EditionCanada to remove many retaliatory tariffs on US goods, PM Carney says
Canada will remove retaliatory tariffs on US goods compliant with the US-Mexico-Canada Agreement, restoring tariff-free trade on 85% of bilateral goods to ease tensions.
- On Aug. 22, Prime Minister Mark Carney announced Canada will remove most retaliatory tariffs on U.S. goods covered under the Canada-U.S.-Mexico Agreement, effective Sept. 1.
- After months of tit-for-tat tariffs, Prime Minister Mark Carney and President Donald Trump spoke on Thursday; earlier, then-Prime Minister Justin Trudeau imposed 25% counter-tariffs on 30 billion Canadian dollars in goods responding to U.S. steel and aluminium tariffs.
- He highlighted tariff data showing Prime Minister Mark Carney said 'Canada currently has the best trade deal with the United States', with a U.S. average tariff rate of 5.6% versus a roughly 16% global average, and the Canadian dollar rose 0.5% to C$1.3837 after the announcement.
- The Trump administration praised the rollback as a goodwill gesture, while Canadian labour groups warned it could enable more U.S. measures, questioning Canada's position on tariffs Friday.
- Looking toward the future, Prime Minister Mark Carney said Ottawa will begin consultations next month and soon unveil an industrial strategy to preserve USMCA benefits ahead of the 2026 review.
379 Articles
379 Articles
Carney’s tariff shift helps business and creates a political headache
Canadian Prime Minister Mark Carney’s decision to remove many tariffs on imports from the U.S. comes after a series of warnings from businesses and analysts that the levies were inflicting economic damage on Canada.
Cambridge Times
USW criticizes removal of retaliatory tariffs, urges stronger, strategic measures that support Canadian economy
TORONTO, Aug. 26, 2025 (GLOBE NEWSWIRE) -- USW National Director Marty Warren is voicing concern over the removal of Canadian retaliatory tariffs against the U.S. on CUSMA-compliant goods.
Waterloo Chronicle
Loblaw announces tariff price drops on thousands of grocery items. Here’s what should cost less
In a LinkedIn post, Loblaw Companies Limited chief executive Per Bank said the removal of Canada’s retaliatory tariffs on most U.S. goods on Sept. 1 is good news for grocery shoppers.
St Catharines Standard
OurWindsor.caLoblaw announces tariff price drops on thousands of grocery items. Here's what should cost less
In a LinkedIn post, Loblaw Companies Limited chief executive Per Bank said the removal of Canada’s retaliatory tariffs on most U.S. goods on Sept. 1 is good news for grocery shoppers.
Carney Announces That Canada Is Dropping Many Retaliatory Tariffs On U.S. Goods - Manufacturing AUTOMATION
Aug. 25, 2025, Canada — Canada will drop some retaliatory tariffs on American products to match U.S. tariff exemptions for goods covered under the Canada-United States-Mexico Agreement, Prime Minister Mark Carney announced Friday. After meeting with his cabinet, Carney said at a news conference the change will take effect on Sept. 1. Carney and U.S. President Donald Trump spoke on a call on Thursday, and Carney confirmed that Trump assured him t…
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