In a significant move to reset trade relations with the United States, Canada has announced the removal of many retaliatory tariffs on U.S. goods. Prime Minister Mark Carney stated that Canada would eliminate a 25% tariff on several American products and plans to match U.S. tariff exemptions as part of the USMCA trade agreement. This decision follows recent conversations with President Trump, who expressed support for the initiative, highlighting a desire to strengthen bilateral trade. The Canadian government aims to facilitate trade talks by reducing these counter-tariffs, which were initially implemented in response to U.S. trade penalties. Officials believe that this gesture will help to foster a more amicable trading environment between the two nations.