Canada to Remove Retaliatory Tariffs on Some US Goods

Anti-Trump narrative

This is no capitulation on the part of Canada, but rather a move to better align U.S. measures, as the Trump administration reaffirmed an exemption to the current U.S. blanket tariff of 35% for all USMCA-compliant Canadian goods. While counter-tariffs have been mostly neutral for Canada, dropping them may pave the way for a successful USMCA renegotiation next year and for new U.S. concessions.