OTTAWA — Prime Minister Mark Carney is set to hold a news conference in Ottawa today at noon ET, after meeting with his cabinet this morning.

Carney is expected to provide an update on Canada-U.S. trade, but his office would not confirm reports that he will announce Ottawa will remove some retaliatory tariffs on American products that comply with the Canada-United States-Mexico Agreement.

Canada imposed 25 per cent tariffs on a long list of American goods in March, including oranges, alcohol, clothing and shoes, motorcycles and cosmetics.

Carney spoke with U.S. President Donald Trump by phone on Thursday.

A readout from Carney's office describes the meeting as "productive and wide-ranging."

It says the leaders talked about trade challenges and the new economic and security relationshi

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