Canada Drops 25% Tariffs on U.S. Goods in Bid to Ease Trade Tensions

Canada has made a strategic move to alleviate trade tensions by removing its 25% retaliatory tariffs on a wide range of US consumer goods that meet the terms of the USMCA agreement. This announcement follows an attempt to bridge the gap with the Trump administration, signaling Canada’s intent to advance cooperation as both countries prepare for a review of the USMCA. The policy change will allow American products to enter Canada tariff-free, ending a period of trade disputes that began during Trump’s presidency.