Canada will eliminate many retaliatory tariffs against the U.S., extending an olive branch to Trump

ChainCatcher news, according to relevant media reports, Canada will eliminate retaliatory tariffs on many American products that comply with the existing North American trade agreement, aiming to ease tensions with the White House. Canadian Prime Minister Mark Carney is expected to announce this decision after a cabinet meeting on Friday. According to sources familiar with the matter who requested anonymity, the government will adjust its tariff policy to align more closely with U.S. measures.

This means that as long as they comply with the provisions of the USMCA, many American consumer goods will no longer face a 25% tariff when exported to Canada. However, the Canadian government may maintain the 25% import tariff on U.S. steel and aluminum products, as well as tariffs on American automobiles. U.S. President Trump has imposed tariffs on these industries.