Canada to drop some of its retaliatory tariffs on the US
Published: 8/22/2025
Canada to drop some retaliatory tariffs on US goods, retaining levies on autos, steel, and aluminium. Prime Minister Mark Carney announced the move to match the US-Mexico-Canada free trade agreement standards, effectively restoring trade on most goods. Trump welcomed the decision, emphasizing ongoing trade discussions between the nations. The adjustment, set for 1 September, aims to ease trade tensions while preserving advantages for Canadian businesses under the existing trade deal.
