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Canada to remove retaliatory tariffs on US goods that comply with USMCA - Bloomberg

Published 22/08/2025, 15:58
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Investing.com -- Canada will lift retaliatory tariffs on a wide range of US products that comply with the North American trade deal, in a move aimed at easing tensions with the White House.

Prime Minister Mark Carney is set to announce the decision Friday following a cabinet meeting. The Canadian government plans to adjust its tariff policy to align more closely with US measures, according to Bloomberg, citing unnamed sources familiar with the matter.

Under the new approach, many US-made consumer products will no longer face a 25% tariff when imported into Canada, provided they are shipped in compliance with the US-Mexico-Canada Agreement (USMCA).

However, Canada is expected to maintain 25% import taxes on US steel and aluminum products, as well as tariffs on US automobiles. These are sectors where President Donald Trump has imposed his own levies.

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