OTTAWA — Prime Minister Mark Carney said it’s no longer time for “elbows up” as he announced Friday that Canada will remove retaliatory tariffs on U.S. goods covered by the existing trade agreement between the countries minus those on steel, aluminum and autos.

Carney said the move was designed to match the U.S. decision not to levy tariffs on goods that are compliant with the Canada-United States-Mexico Agreement (CUSMA), saying the countries had restored free trade on a “vast majority of our goods.”

“We have the best deal of anyone in the world right now. We have the lowest tariff rate on average — a little over 5.5 per cent versus the 16 per cent average for the world, and in many cases much higher,” said Carney. “It’s important that we preserve that.”

The move will remove roughly

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