Canada will match tariff exemptions under USMCA trade pact: Carney

CANADA is dropping many of its retaliatory tariffs to match US tariff exemptions for goods covered under the United States-Mexico-Canada trade pact, Prime Minister Mark Carney announced on Friday.

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Carney said Canada will include the carve-out that the US has on Canadian goods under the 2020 free trade deal that shields the vast majority of goods from the punishing duties, easing Canada's previous stance on holding the line on punitive tariffs until US President Donald Trump relents more on those imposed by the US. Some Canadian politicians and union leaders characterized Carney's move as capitulation, but the prime minister accentuated what he considered Canada's favorable position so far and said that the ex