Canada dropping retaliatory tariffs on many US products

Canadian Prime Minister Mark Carney announced Friday he is ending retaliatory tariffs on U.S. goods, saying the move will match Washington’s exemptions for goods covered under the United States-Mexico-Canada trade agreement.

“Canada and the U.S. have now reestablished free trade for the vast majority of our goods,” Carney said during a press conference that revealed the tariffs will be lifted. “Canada currently has the best trade deal with the United States. And while it’s different from what we had before, it’s still better than that of any other country.