Canada has announced a cease to its retaliatory tariffs on the U.S., but tariffs on autos, steel, and aluminum remain unchanged, according to a report from CNBC.
Counter-tariffs of 25% were first enacted by Canada this past March, following the U.S. instating 25% duties on steel and aluminum.
Canadian Prime Minister Mark Carney said that, according to U.S. President Donald Trump, this action would help progress negotiations between the countries. The move also comes before a review of the U.S.-Mexico-Canada agreement, which is slated to take place in the next few months.
The changes will take effect beginning Sept. 1, shared Carney.
