Overview

• Prime Minister Mark Carney said Canada will end 25% counter-tariffs on USMCA-compliant U.S. goods starting Sept. 1 after a productive call with President Donald Trump.
• Ottawa is matching Washington’s carve-outs that leave more than 85% of bilateral trade tariff-free, with the U.S. average tariff on Canadian goods at about 5.6%.
• Tariffs on steel, aluminum and automobiles remain in place as both sides intensify negotiations on those strategic sectors.
• The White House publicly welcomed the rollback as “long overdue,” while maintaining broader trade and national security concerns.
• Canada will launch consultations ahead of next year’s USMCA review after months of tit-for-tat duties and a U.S. 35% border tariff on non-compliant goods.