OTTAWA — Canada will drop some retaliatory tariffs on American products to match U.S. tariff exemptions for goods covered under the Canada-United States-Mexico Agreement, Prime Minister Mark Carney announced Friday.

After meeting with his cabinet, Carney said at a news conference his decision will take effect on Sept. 1, 2025.

Carney and U.S. President Donald Trump spoke on a call on Thursday, and Carney confirmed that Trump assured him the move would help kick-start trade negotiations with the U.S.

Carney said Canada and the U.S. have re-established free trade for the vast majority of goods. He said Canada will retain tariffs on steel, aluminum and autos as it works with the U.S. to resolve issues.

"Indeed, our focus is squarely on these strategic sectors and the future," he said.

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