Canada Removes Tariffs on Some US Goods: Strategic Calculations and Economic Considerations Behind a Goodwill Signal
On August 22, 2025, Canadian Prime Minister Mark Carney announced a significant decision in Ottawa: effective September 1, Canada will remove retaliatory tariffs on US goods eligible for the United States-Mexico-Canada Agreement (USMCA), impacting approximately $21 billion worth of goods. This move marks a crucial step in Canada's nearly two-year trade dispute and sends a clear signal of goodwill.
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