Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Tirana Mirror
    Subscribe
    • Business & Economy
    • Education
    • Entertainment
    • Health
    • Media
    • News
    • Opinion
    • Sports
    • Real Estate
    • More
      • Culture & Society
      • Travel & Tourism
      • Politics & Government
      • Environment & Sustainability
      • Technology & Innovation
    Tirana Mirror
    Home»Business & Economy»Canada to scale back select tariffs on US goods
    Business & Economy

    Canada to scale back select tariffs on US goods

    Lester HoltBy Lester HoltAugust 23, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Follow Us
    Google News Flipboard Threads
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Ottawa will lift some retaliatory duties while maintaining tariffs on automobiles, steel, and aluminium.

    Prime Minister Mark Carney said Friday that Canada is rolling back a portion of the tariffs it imposed on American imports. Key levies on cars, steel, and aluminium will remain, with the changes set to take effect September 1.


    Action follows missed trade deadline

    The announcement comes after Carney’s first conversation with President Donald Trump since both countries missed the deadline for completing a new trade agreement. Previously, Canada had imposed a 25% tariff on around C$30bn (£16bn; $21.7bn) in US products, including appliances and fruit juices. The US had already set tariffs of 35% on goods not covered under existing free trade rules.

    Carney stated that Ottawa will now remove duties on goods covered by the US-Mexico-Canada Agreement (USMCA), reinstating duty-free trade for most cross-border shipments.

    The White House welcomed the move in a statement to CBS, calling it “long overdue” and expressing optimism for continued discussions on trade and security. Trump also told reporters that he expects to speak with Carney again soon.


    Domestic reaction and political debate

    While most Canadians have supported counter-tariffs, the decision drew criticism from opposition leaders. Conservative Pierre Poilievre said Carney had abandoned his earlier “elbows up” approach, accusing him of a political retreat.

    Carney defended the decision, pointing out that under USMCA, Canadian goods face an effective tariff rate of about 5.6%, far lower than the global average of roughly 16%. He emphasized the importance of preserving this advantage for Canadian businesses and workers.

    Since January, Trump has implemented or increased tariffs on imports from around the world and warned of additional hikes in pursuit of trade agreements favorable to the US. US ambassador Pete Hoekstra also warned that Canada’s counter-tariffs risked undermining negotiations and criticized personal attacks on Trump by some Canadian politicians.


    Focus shifts to key sectors

    Carney said upcoming talks will concentrate on autos, steel, aluminium, and lumber, ahead of next year’s USMCA review.

    Currently, the US imposes a 50% tariff on steel and aluminium imports—excluding the UK—as well as duties on copper and automobiles. Canada has maintained its 25% tariffs on American metals and vehicles.

    Economists warn that these measures are having a significant impact. Canada, as a major supplier of steel and aluminium to the US, has already seen contract cancellations and production reductions. The auto industry is particularly affected, with vehicles often crossing borders multiple times during assembly. Ontario, the center of Canadian car manufacturing, has reported 38,000 job losses in the past three months, mostly in manufacturing.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Lester Holt
    • Website
    • Facebook

    Lester Holt is a freelance journalist based in the USA, with over 25 years of experience reporting on Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. He earned his degree in Journalism from California State University, Sacramento. Throughout his career, he has contributed to outlets such as NBC News, MSNBC, and The New York Times. Known for his clear reporting and insightful storytelling, Lester delivers accurate and timely news that keeps readers informed on national and global developments.

    Related Posts

    BP Plans Up to $5bn Write-Down on Green Energy as Focus Shifts Back to Oil and Gas

    January 14, 2026

    US authorizes Nvidia to sell next-generation AI chips to China

    January 14, 2026

    Global Tensions and Economic Clashes Are Top Risks for 2026, Says WEF

    January 14, 2026
    Leave A Reply Cancel Reply

    Latest Posts

    US authorizes Nvidia to sell next-generation AI chips to China

    Grace JohnsonJanuary 14, 2026

    The US government has approved Nvidia’s sale of advanced artificial intelligence chips to China. The…

    Global Tensions and Economic Clashes Are Top Risks for 2026, Says WEF

    Rachel MaddowJanuary 14, 2026

    Economic Rivalries Take the LeadRising economic confrontations between major powers—including sanctions, tariffs, and trade restrictions—are…

    Alphabet Hits $4 Trillion as AI Sparks Investor Frenzy

    Rachel MaddowJanuary 13, 2026

    AI Momentum Pushes Market Value to New HeightsAlphabet, the parent company of Google, has officially…

    Diageo Considers Selling Chinese Assets as New CEO Moves to Streamline Group

    Andrew RogersJanuary 13, 2026

    Diageo is reportedly exploring the sale of its Chinese assets as part of an early…

    Top Trending

    Meta investigated over AI risk to children

    Grace JohnsonAugust 18, 2025

    A US senator has begun an investigation into Meta. A leaked internal document reportedly revealed…

    AI Assistant for Space Health

    Rachel MaddowAugust 18, 2025

    Google and NASA created the “Crew Medical Officer Digital Assistant” to help astronauts and Earth-based…

    Scorching heatwave drives wildfires across Spain and Portugal

    Lester HoltAugust 18, 2025

    Extreme weather intensifies fire danger Southern Europe remains gripped by record heat and destructive fires.…

    Researchers unlock microbial “secret sauce” for fine chocolate

    Andrew RogersAugust 18, 2025

    Chocolate can take on many flavors – from fruity and floral to rich and bitter.…

    Tirana Mirror delivers powerful stories, breaking news, sports, and culture—bringing bold perspectives and timely updates to keep readers informed, inspired, and connected worldwide.

    We’re social. Connect with us:

    Facebook X (Twitter) YouTube
    © 2026 Tirana Mirror. All Rights Reserved.

    CATEGORIES

    • Business & Economy
    • Culture & Society
    • Education
    • Entertainment
    • Environment & Sustainability
    • Health
    • Media
    • News
    • Opinion
    • Politics & Government
    • Real Estate
    • Sports
    • Technology & Innovation
    • Travel & Tourism
    • Business & Economy
    • Culture & Society
    • Education
    • Entertainment
    • Environment & Sustainability
    • Health
    • Media
    • News
    • Opinion
    • Politics & Government
    • Real Estate
    • Sports
    • Technology & Innovation
    • Travel & Tourism

    IMPORTANT LINKS

    • Contact Us
    • Privacy Policy
    • Terms and Conditions
    • Disclaimer
    • Imprint
    • Contact Us
    • Privacy Policy
    • Terms and Conditions
    • Disclaimer
    • Imprint

    Type above and press Enter to search. Press Esc to cancel.