Canada drops many of its retaliatory tariffs on the U.S.

Canada removed many of its retaliatory tariffs on the U.S. on Friday, marking a significant step forward in the two countries' relationship .

Canada in March imposed counter-tariffs of 25% on a long list of U.S. products that fall in line with the North American trade deal after the U.S. had announced 25% duties on steel and aluminum . Notably, Canada's 25% tariffs on U.S. autos, steel and aluminum will remain in place for now, Canadian Prime Minister Mark Carney said in a press conference Friday.

The change will go into effect on Sept. 1, Carney added, saying he believes Canada has the best trade deal out of all of the countries working with the U.S.

"As we work intensively with the United States, our focus is squarely on the strategic sectors," Carney said.

A White House of