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Canada dropping retaliatory tariffs on CUSMA-compliant U.S. goods

CBC News · Just In
CBC News
CBC News
Just In

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
PoliticsForeign Affairs