Canada announced on Friday that it will remove many of the retaliatory tariffs imposed on U.S. goods as a sign of goodwill aimed at resuming trade talks that have stalled.

Canadian tariffs on goods that are compliant with the U.S.-Mexico-Canada Agreement (USMCA) will be lifted under the move, while tariffs imposed on U.S. autos, steel and aluminum will remain in effect for now.

"In this context and consistent with Canada's commitment to USMCA, I am announcing today that the Canadian government will now match the United States by removing all of Canada's tariffs on U.S. goods specifically covered under USMCA," Canadian Prime Minister Mark Carney said at a press conference in Ottawa.

"Canada and the U.S. have now re-established free trade for the vast majority of our goods," Carney ad

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