What are the counter tariffs and why is Carney removing them now?

Canada first imposed counter tariffs on $30 billion of goods imported from the U.S. in early March, following the announcement that U.S. President Donald Trump’s administration was imposing a 25 per cent tariff on Canadian exports (as well as a 10 per cent levy on energy product exports). Another round of retaliatory tariffs on $29.8-billion of goods followed on March 13. After talks between Canada and the U.S. failed to result in negotiated relief from U.S. tariffs by an Aug. 1 deadline, Carney hinted that he would be open to rolling back some of the counter tariffs if it would help Canadian companies withstand the months-long trade dispute. After speaking to Trump by phone last week , Carney said he had assurances tha

See Full Page