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Prime Minister Mark Kareni announced at a press meeting on Friday that Canada would return some of its retaliatory tariffs on US imports from September 1.
At one stage with its southern neighbor, Canada no longer pays US imports in accordance with the US-Mexico-Canada agreement. The country will comply with the goods that do not adhere to the treaty. According to these measures, 85 % of trade between Canada and the United States will be without tariffs.
However, Canada will maintain its retaliatory measures on US duties on steel, aluminum and cars. He added: This special taxes are the focal point of the trade negotiations with the United States
The Carnei’s announcement came a day after the prime minister’s conversation with US President Donald Trump about the economic and security relations between the two countries.
“The President and I had a long conversation yesterday and we see where our relationships are,” Kareni said at a justification meeting on Friday.
In March, Canada installed 25 % of US $ 60 billion in tariffs in response to Trump’s government tax. He said he would fix some of these tasks to create a “good foundation” for future business discussions, including USMCA review next year.
“You give up the gloves in the first period,” Carney said. “You know, when you are late in the game, you release the gloves and get an extra penalty.
In the prime minister, Canada’s export is currently facing 5.6 % of the United States with average tariff, a number below the imports of many other business partners as part of the Trump administration’s special tariff regime.
“Currently, Canada has the best business deal with the United States, and although it is different from what we had before, it is still better than any other country,” Karney said during a justification.
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