Overview

• The decision followed a phone call between Prime Minister Mark Carney and President Donald Trump that both offices described as productive.
• Reporters citing Bloomberg said the relief covers roughly $21.7 billion in U.S. exports, including a wide range of consumer goods.
• A White House official welcomed the move as “long overdue” and signaled readiness to continue discussions on trade and national security concerns.
• Tariffs on U.S. steel, aluminum and automobiles remain in place as the two sides focus on sector-specific disputes.
• Carney emphasized that more than 85% of bilateral trade is tariff-free under USMCA and said Canada is preparing for the pact’s upcoming review.