Canada is dropping retaliatory tariffs to match U.S. tariff exemptions for goods covered under the United ...

President Trump said he spoke to Canadian Prime Minister Mark Carney, who told him he would remove some of the retaliatory ...

A government official familiar with the matter said the move is designed to reset trade talks between the two countries.

TORONTO: Canada is dropping retaliatory tariffs to match US tariff exemptions for goods covered under the United ...

USMCA’s rules of origin also exempt most products that are manufactured in the U.S., Canada or Mexico, even if their components are imported from other countries.

Trump raised tariffs on Canadian and Mexican goods, but most exports remain protected under the USMCA, keeping trade largely duty free for now.

Not so fast. The USMCA may be doomed. It is up for review in mid-2026 and the talks may not go in favour of Canada or Mexico. Also, the review date doesn’t mean much.

Canada's steel, aluminum and auto sectors are particularly hard hit as they face separate tariffs between 25% and 50%. Adding to the uncertainty, USMCA is up for renegotiation next year.

The effective U.S. tariff rate on Canadian exporters has dropped sharply in recent months as companies have rushed to bring their products into compliance with the Canada-U.S.-Mexico Agreement (also ...

TORONTO — U.S. President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing ...

TORONTO (AP) — U.S. President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing ...

A key carve-out for Canada and Mexico shields the vast majority of goods from the punishing duties, even though U.S. President Donald Trump raised the tariffs on Canadian goods to 35% last week.