Canada Drops Retaliatory Tariffs Against the US

By Sarah Arnold

Canadian Prime Minister Mark Carney announced that Canada will be dropping its retaliatory tariffs against the United States and eliminating tariffs on U.S. goods covered under existing trade agreements.

On Friday, Carney finally began walking back some of the damaging retaliatory tariffs imposed on the United States. In a press conference, Carney announced that Canada will lift its counter-tariffs on a range of U.S. goods starting September 1 — a long-overdue admission that punishing American businesses hasn’t worked out so well for the Canadian economy. Canada’s 25 percent tariffs on U.S. steel, aluminum, and auto exports will remain in place for now, as Carney tries to save face with domestic political allies. But even this partial rollback is significant. It follows the U.S. move to raise tariffs on Canada to 35 percent — a bold, unapologetic response from President Trump after months of Canada refusing to play ball on fair trade and security cooperation.

“As we work intensively with the United States, our focus is squarely on the strategic sectors,” Carney said.

…

Read Full Article Here…(townhall.com)

---

Home | Caravan to Midnight (zutalk.com)

Live Stream + Chat (zutalk.com)

We Need Your Help to Keep Caravan To Midnight Going,

Please Consider Donating to Help Keep Independent Media Independent