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OTTAWA \u2014 Prime Minister Mark Carney says Canada is dropping some retaliatory tariffs on American products to match U.S. tariff exemptions for goods covered under the Canada-United States-Mexico Agreement.<\/p>\n
Carney says the decision will take effect on Sept. 1, 2025.<\/p>\n
Carney says Canada and the U.S. have re-established free trade for the vast majority of goods.<\/p>\n
The prime minister says Canada will retain tariffs on steel, aluminum and autos as it works with the U.S. to resolve issues.<\/p>\n
Carney says the Canadian government will begin its preparations for the CUSMA review process due next year by launching consultations starting next month.<\/p>\n
Canada imposed 25 per cent tariffs on a long list of American goods in March, including oranges, alcohol, clothing and shoes, motorcycles and cosmetics.<\/p>\n
\u00a92025 The Canadian Press<\/strong><\/p>\n<\/p><\/div>\n