Priceless. The world's greatest negotiator wins....again. 
Prime Minister Mark Carney announced the decision Friday after a meeting with his cabinet, confirming an earlier report from Bloomberg News.
The government is changing its tariff policy to align more closely with US measures. That means a broad range of US-made consumer products will no longer face a 25% tariff when imported into Canada, as of Sept. 1, as long as they’re shipped in compliance with the provisions of the US-Mexico-Canada Agreement.
But Canada is keeping 25% import taxes on US steel and aluminum, as well as tariffs on US cars and trucks. President Donald Trump has imposed levies on all of those sectors. g
Carney indicated the move is meant to prepare the ground for the review of USMCA, which is expected to begin in the coming months.
Canada to Drop Many Counter-Tariffs in Olive Branch to Trump
(Bloomberg) -- Canada will remove its retaliatory tariffs on a long list of US products that comply with the existing North American trade deal, seeking to lower tensions with the White House.Prime Minister Mark Carney announced the decision Friday after a meeting with his cabinet, confirming an earlier report from Bloomberg News.
The government is changing its tariff policy to align more closely with US measures. That means a broad range of US-made consumer products will no longer face a 25% tariff when imported into Canada, as of Sept. 1, as long as they’re shipped in compliance with the provisions of the US-Mexico-Canada Agreement.
But Canada is keeping 25% import taxes on US steel and aluminum, as well as tariffs on US cars and trucks. President Donald Trump has imposed levies on all of those sectors. g
Carney indicated the move is meant to prepare the ground for the review of USMCA, which is expected to begin in the coming months.
