Most of Canada's retaliatory tariffs are gone. Now what?

Most of the counter-tariffs Ottawa slapped on U.S. goods earlier this year have now been removed, with a few exceptions.

Canada placed duties on $60 billion worth of U.S. goods in response to American tariffs on various Canadian goods. Those tariffs are gone as of Monday, though some levies remain on non-CUSMA-compliant goods — such as tariffs on steel and aluminum products to counter U.S. tariffs targeting those industries.

Prime Minister Mark Carney announced on Aug. 22 the tariffs would be coming off, arguing they were a sticking point in negotiations with the U.S. and that doing so was in Canada's economic interest.

Canada-U.S. Trade Minister Dominic LeBlanc travelled to Washington last week — the first time since July — to meet with U.S. Commerce Secretary Howard Lutnick. WATCH |