Canada to drop some of its retaliatory tariffs on US
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Canadian Prime Minister Mark Carney has received both criticism and praise on social media after announcing on Monday that he is dropping retaliatory tariffs introduced on U.S. goods that are covered under the Canada-United States-Mexico trade agreement (CUSMA).
The move represents an about-face for Canada, which had been one of the few countries to punch back against President Trump’s protectionist agenda.
Canadian Prime Minister Mark Carney spoke with U.S. President Donald Trump on Thursday and had "a productive and wide-ranging conversation" on trade challenges and other issues, Carney's office said in a statement.
Canada is dropping retaliatory tariffs to match U.S. tariff exemptions for goods covered under the United States-Mexico-Canada trade pact.