Canada will withdraw part of the tariffs imposed in retaliation against the US to facilitate an agreement with Trump
According to sources close to the issue, Carney will abolish 25% taxes on US goods that meet the standards of the USMCA Free Trade Agreement signed by the US, Mexico and Canada. However, Ottawa will maintain 25% tariffs on steel and aluminum, as well as on cars.
it will eliminate tariffs imposed in retaliation on a long list of imports into Canada from the US as a gesture of goodwill towards Trump, according to the Bloomberg media.
According to the media, Mark Carney's government will make the announcement later this Friday and eliminate 25% charges on American goods that meet the standards of the USMCA Free Trade Agreement signed by the US, Mexico and Canada.
However, Ottawa is likely to maintain 25% tariffs on US steel and aluminum, as well as on automobiles. US President Donald Trump also condemns the purchase of these products abroad.
The aim of the measure is also to prepare the atmosphere for the imminent revision of the USMCA, which is expected to begin in the coming months. Those who follow it closely have explained that this tariff reduction demonstrates the importance of this treaty for Canada.
Trump has already responded to the news: "Retaliation is withdrawing tariffs, which I think is very good. And soon there will be another call. Yes, we had a very positive call," he explained today from the Oval Office, referring to a recent call between the two leaders.
On the other hand, the Republican has defended the desirability of the tariff program because it makes everyone "respect" the US and allows it to raise $4 billion (€3.41 billion) to reduce the deficit.
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