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International Business Times

Business

Canada Withdraws Tariffs on US Goods, White House Calls Move 'Overdue'

Mark Carney United States Canada Donald Trump USMCA CBS News

Canadian Prime Minister Mark Carney speaks during a press conference at the National News Theater on Parliament Hill in Ottawa, Ontario, Canada on August 22, 2025.

Canada has officially removed many of its retaliatory tariffs on US products, a decision that could ease recent trade tensions between the two countries.

Prime Minister Mark Carney announced the move during a press conference on Friday, calling it a step toward renewed cooperation under the US-Mexico-Canada Agreement (USMCA).

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