Most of Canada’s retaliatory tariffs against the United States came down on Monday, in keeping with Prime Minister Mark Carney ’s announcement last month.
Carney announced that many of Canada’s tariffs on its biggest trading partner, on goods that comply with the Canada-U.S.-Mexico (CUSMA) trade agreement, will come down starting Sept. 1.
He said this was after he and U.S. President Donald Trump agreed to “intensify” stalled trade talks.
In February, Trump signed an executive order to levy broad-based, sweeping tariffs on Canada. The Canadian government responded immediately with then-Prime Minister Justin Trudeau announcing counter-tariffs against Washington.
“Few other countries followed suit” in imposing tariffs on the U.S., Carney said.
Carney said Canada’s move was to “mat