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flag Canadian PM announces matching U.S. tariff exemptions to restart USMCA trade talks.

flag Canadian Prime Minister Mark Carney announced that Canada will match the United States' tariff exemptions under the USMCA trade pact, aiming to restart trade talks ahead of the pact's 2026 review. flag This move involves dropping many retaliatory tariffs, with over 85% of Canada-U.S. trade remaining tariff-free. flag Carney emphasized that Canada retains the lowest U.S. average tariff rate at 5.6% and will keep tariffs on steel, aluminum, and autos while working on resolutions.

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