Canada has agreed to give up retaliatory tariffs on many goods imported from the U.S. as trade talks continue between President Donald Trump and Canadian Prime Minister Mark Carney.
Carney announced the change on Friday, the Washington Examiner reported.
He stated that the rules will now align with the United States-Mexico-Canada Agreement trade exemptions.
The news comes after a “productive” phone call between the leaders of both nations on Thursday as relations between Carney and Trump continue to improve.
The pair hammered out a deal that has put the increased tariffs on hold.
“Canada currently has the best trade deal with the United States,” Carney said during the news conference.
“And while it’s different from what we had before, it’s still better than that of any other country.”
A clip of Carney’s remarks was shared on X on Friday.
WATCH:
Canadian Prime Minister Mark Carney announces that Canada will be DROPPING their retaliatory tariffs against the US and removing tariffs on US goods covered by existing trade deals.pic.twitter.com/Y9ONDpOk1g
— Libs of TikTok (@libsoftiktok) August 22, 2025
The change to the tariff policy will take effect on September 1, although Canada will continue to impose its tariffs on aluminum, autos, and