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Canada to Lift Tariffs on Many U.S. Goods, Keeps Steel, Aluminum, and Auto Tariffs
Canada will remove retaliatory tariffs on a wide range of U.S. goods that comply with the US-Mexico-Canada Agreement (USMCA), while maintaining levies on U.S. autos, steel, and aluminum. Prime Minister Mark Carney is expected to announce the policy shift Friday following a cabinet meeting. • Canada’s move aligns its tariff policy more closely with U.S. measures, easing tensions with the Trump administration. • 25% tariffs will remain on U.S. steel, aluminum, and automobiles. • The shift comes ahead of the scheduled review of the USMCA trade deal. • Canada’s earlier counter-tariffs included 25% duties on ... (full story)
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From @FirstSquawk|Aug 22, 2025|6 commentsCanada Will Lift Its Counter Taris On All U.S. Goods Covered By U.S.-Mexico-Canada Agreement, Says Prime Minister Mark Carney CARNEY SAYS CANADA CURRENTLY HAS THE BEST TRADE DEAL WITH THE UNITED STATES; IT IS IMPORTANT WE DO EVERYTHING CAN TO PRESERVE CANADA'S ADVANTAGE CANADA WILL RETAIN TARIFFS ON STEEL, ALUMINUM AND AUTOS AS WE WORK INTENSIVELY WITH THE U.S. TO RESOLVE THE ISSUES THERE.- CARNEY… Canada's PM Carney: The decision to remove counter tariffs on all US goods covered by the USMCA will take effect on September 1st, 2025.
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- Aug 22, 2025 10:20am Posted byFundamental Analysis15,218
