Prime Minister Mark Carney says Canada is shifting its approach to ongoing trade negotiations with the U.S. but will keep tariffs on steel, aluminum and autos in place.
Breakdown
- Canada will remove 25% counter tariffs on U.S. goods covered by the North American free trade deal. 14s
- The decision aims to reset trade relations with the United States. 25s
- Both Canadian and U.S. leaders agreed to remove retaliatory tariffs after a direct conversation. 38s
- Tariffs remain on steel, aluminum, and auto sectors, with U.S. levies higher than Canada's. 1m 33s
- Canada will focus on renegotiating the free trade agreement in the coming weeks. 1m 48s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.