Canada is reportedly planning to remove retaliatory tariffs on USMCA-compliant U.S. goods in an effort to restart trade talks with President Donald Trump's administration.

Canada will remove many retaliatory import tariffs on U.S. goods and intensify talks with the United States on striking a new trade and security relationship, Prime Minister Mark Carney said on Friday.

TORONTO (AP) — Canada is dropping retaliatory tariffs to match U.S. tariff exemptions for goods covered under the United States-Mexico-Canada trade pact, a government official familiar with the matter said Friday.