Carney said the commitment of the U.S. to the core of USMCA means the U.S. average tariff rate on Canadian goods remains one of its lowest, and that over 85% of Canada-U.S. trade continues to be free of tariffs. Canadian and Mexican companies can claim preferential treatment under the USMCA.

TORONTO: Canada is dropping retaliatory tariffs to match US tariff exemptions for goods covered under the United States-Mexico-Canada trade pact, Prime Minister Mark Carney announced Friday (A

Canada's Prime Minister Mark Carney speaks after Canada announced that it is removing many retaliatory tariffs on U.S. goods as a goodwill gesture designed to restart stalled trade talks, during a press conference on Parliament Hill in Ottawa,