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Retaliatory tariff turnaround puts Ottawa in better negotiating spot: LeBlanc
- Canada is optimistic about a new trade agreement with the United States after dropping most of its retaliatory tariffs, according to Canadian Minister Dominic LeBlanc.
- Minister LeBlanc mentioned that the removal of tariffs is crucial groundwork for renegotiating the U.S.-Mexico-Canada Agreement.
- Prime Minister Mark Carney announced the removal of tariffs on tens of billions of dollars of U.S. goods, an action that President Donald Trump suggested could reopen trade talks.
- Despite these developments, LeBlanc noted that Washington has not signaled plans to roll back hefty tariffs on steel and aluminum, which are currently at 50%.
46 Articles
46 Articles
Canada Drops Retaliatory Tariffs, Optimistic on Trade Deal
Canada expressed optimism about reaching a new trade agreement with the United States after dropping most of its retaliatory tariffs. Canadian Finance Minister Dominic LeBlanc said talks with Commerce Secretary Howard Lutnick, along with direct communication between Canadian Prime Minister Mark Carney and President Donald Trump, have improved prospects for renewed negotiations. On Friday, Carney announced the removal of retaliatory tariffs on te…
Canada-U.S. Trade Minister Dominic LeBlanc said the decision to abandon retaliatory tariffs places Ottawa in a better position to negotiate changes to the devastating duties imposed by U.S. President Donald Trump on key sectors.
The withdrawal of U.S. counter-tariffs should facilitate negotiations on a trade agreement, according to Minister Dominic LeBlanc.
Abandoning certain retaliatory customs duties also appeases tensions for the renegotiation of the ACEUM, according to him.
Retaliatory tariff turnaround puts Ottawa in better negotiating spot: LeBlanc
Canada-U.S. Trade Minister Dominic LeBlanc said the decision to drop retaliatory tariffs puts Ottawa in a better position to negotiate changes to U.S. President Donald Trump’s devastating duties on key sectors and eases tensions ahead of a review of a critical continental trade agreement.
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