Canada to Remove Retaliatory Tariffs on US Products- Bloomberg
Canada will soon announce the removal of retaliatory tariffs on numerous US products, according to a Bloomberg report. Prime Minister Mark Carney is expected to announce the decision on Friday after a meeting with his cabinet, serving as an Olive Branch to US President Donald Trump and the White House. JUST IN: Canada to remove retaliatory tariffs on many US products, Bloomberg reports. — Watcher.Guru (@WatcherGuru) August 22, 2025 According to Bloomberg, Canada’s government plans to adjust its tariff policy to align more closely with U.S. measures. Back in April, Canada raised reciprocal tariffs on the United States following Trump’s sweeping tariffs announcement. The tariffs included several US goods, including tech and even select US-made vehicles. The report notes that certain products will no longer be subject to a 25% tariff upon importation into Canada, provided they are shipped in accordance with the provisions of the US-Mexico-Canada Agreement. However, US au...