Canada-U.S. trade

Canada to Eliminate Tariffs on U.S. CUSMA Goods by September 1

Canada to Eliminate Tariffs on U.S. CUSMA Goods by September 1

Ottawa (Rajeev Sharma) : Prime Minister Mark Carney announced Friday that Canada will scrap all tariffs on goods from the United States covered under the Canada-U.S.-Mexico Agreement (CUSMA) by September 1.Carney clarified that tariffs on steel, aluminum, and autos will remain in place as the Liberal government continues negotiations with Washington to define a new trading framework. Despite the ongoing trade war, he noted that 85 per cent of bilateral trade with the U.S. remains tariff-free, calling it a crucial advantage for Canadian industries and workers.“As we work to address outstanding trade issues with the U.S., it is important we…
Read More