Canada to Remove Many Retaliatory Tariffs on U.S. Goods
In a strategic move to revive trade negotiations with the United States, Canada has announced it will be lifting a significant number of retaliatory tariffs on U.S. products. Prime Minister Mark Carney indicated that this decision is intended to align Canadian tariffs with U.S. exemptions outlined under the USMCA trade pact. By rolling back these tariffs, which includes a notable 25% on various goods, Canada aims to extend an olive branch to President Trump and facilitate renewed discussions on trade relations. The Canadian government has expressed optimism that this gesture will jump-start trade talks previously stalled amid tensions over tariffs.
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