Canada Drops Almost All Retaliatory Tariffs on U.S.

Canada drops almost all retaliatory tariffs on U.S.

MxM News Quick Hit: Canada has suspended nearly all of its retaliatory tariffs on U.S. products, easing inflation concerns and improving its economic outlook, according to Oxford Economics. Prime Minister Mark Carney’s new approach is aimed at protecting Canadian growth while avoiding a prolonged trade war. Key Details: Canada’s effective tariff rate on U.S. goods is now “nearly zero” after broad exemptions were announced. Retaliatory duties re…

Carney walks back tough trade talk, nullifying most retaliatory U.S. tariffs

Source: FacebookExemptions announced by Prime Minister Mark Carney have effectively nullified most of the retaliatory tariffs Canada had imposed on trade with America despite previously pledging to support “maximum impact” trade measures.According to Oxford Economics, the carve-outs cancel out nearly all of the retaliatory tariffs that Trudeau and Carney both introduced in response to the Trump administration.Although the move may help alleviate…

"Nearly zero" tariffs as Carney sidesteps trade fallout

Oxford Economics says Canada's exemptions ease inflation risk and support modest growth recovery

Carney’s “Nearly Zero” Tariffs Leave $20B Missing… And Maybe The Spring Budget?

Prime Minister Mark Carney’s abrupt rollback of retaliatory US tariffs has stripped Ottawa of a projected $20 billion revenue stream—and observers are wondering if this is the reason why there’s no budget this spring. Canada imposed 25% duties on roughly $60 billion of American-made goods in March, then matched US auto levies in April. Yet within weeks, Carney’s government granted six-month exemptions for inputs used in manufacturing, food and b…

Canada Quietly Rolls Back U.S. Food Tariffs

Canada lifted most U.S. food tariffs without public notice. As grocers warn of rising prices, critics call for transparency from Ottawa and the industry. The post Canada Quietly Rolls Back U.S. Food Tariffs appeared first on Retail Insider.