Prime Minister Mark Carney announced Friday Canada will be removing retaliatory tariffs on most U.S. goods starting next month.
In March, Ottawa imposed a 25 per cent counter-tariff on $60 billion worth of goods after Washington threatened to levy a 25 per cent tax on all Canadian exports, which was later only applied to goods that didn’t comply with the Canada-U.S.-Mexico Agreement (CUSMA). The U.S. tariffs were raised to 35 per cent on Aug. 1.
Carney said Canada’s retaliatory measures will be lifted for CUSMA compliant goods coming to Canada from the U.S. starting Sept. 1.
The U.S. also has industry specific tariffs on Canadian goods that fall within CUSMA, including steel, aluminum, autos, copper, lumber and energy.
Canada will maintain its tariffs on steel, aluminum and autos as the Liberal government works with the U.S. to craft a new trading relationship between the two countries.
Here’s a list of U.S. goods that will no longer be subject to Canadian tariffs at the beginning of September.
