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Canada to halt second wave of tariffs on American goods

March 08, 2025

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The Statesman Siliguri

Canadian Finance Minister Dominic LeBlanc has said that Canada will halt the second wave of tariffs on American goods until 2 April.

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"The United States has agreed to suspend tariffs on CUSMA (Canada-US-Mexico Agreement)-compliant exports from Canada until 2 April," LeBlanc said on Thursday in his social media account shortly after American President Donald Trump announced the tariff delay.

"As a result, Canada will not proceed with the second wave of tariffs on 125 billion Canadian dollars of American products until 2 April, while we continue to work for the removal of all tariffs." Industry Minister Francois-Philippe Champagne said Canada's retaliatory measures remain, even after Trump's latest move to delay tariffs on some Canadian and Mexican goods until 2 April, Xinhua news agency reported.

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