-
Stock market optimism returns after tech selloff but Wall Street wobbles
-
Clarke warns Scotland fans over sky-high World Cup prices
-
In Israel, Sydney attack casts shadow over Hanukkah
-
Son arrested after Rob Reiner and wife found dead: US media
-
Athletes to stay in pop-up cabins in the woods at Winter Olympics
-
England seek their own Bradman in bid for historic Ashes comeback
-
Decades after Bosman, football's transfer war rages on
-
Ukraine hails 'real progress' in Zelensky's talks with US envoys
-
Nobel winner Machado suffered vertebra fracture leaving Venezuela
-
Stock market optimism returns after tech sell-off
-
Iran Nobel winner unwell after 'violent' arrest: supporters
-
Police suspect murder in deaths of Hollywood giant Rob Reiner and wife
-
'Angry' Louvre workers' strike shuts out thousands of tourists
-
EU faces key summit on using Russian assets for Ukraine
-
Maresca committed to Chelsea despite outburst
-
Trapped, starving and afraid in besieged Sudan city
-
Showdown looms as EU-Mercosur deal nears finish line
-
Messi mania peaks in India's pollution-hit capital
-
Wales captains Morgan and Lake sign for Gloucester
-
Serbian minister indicted over Kushner-linked hotel plan
-
Eurovision 2026 will feature 35 countries: organisers
-
Cambodia says Thailand bombs province home to Angkor temples
-
US-Ukrainian talks resume in Berlin with territorial stakes unresolved
-
Small firms join charge to boost Europe's weapon supplies
-
Driver behind Liverpool football parade 'horror' warned of long jail term
-
German shipyard, rescued by the state, gets mega deal
-
Flash flood kills dozens in Morocco town
-
'We are angry': Louvre Museum closed as workers strike
-
Australia to toughen gun laws as it mourns deadly Bondi attack
-
Stocks diverge ahead of central bank calls, US data
-
Wales captain Morgan to join Gloucester
-
UK pop star Cliff Richard reveals prostate cancer treatment
-
Mariah Carey to headline Winter Olympics opening ceremony
-
Indonesia to revoke 22 forestry permits after deadly floods
-
Louvre Museum closed as workers strike
-
Spain fines Airbnb 64 mn euros for posting banned properties
-
Japan's only two pandas to be sent back to China
-
Zelensky, US envoys to push on with Ukraine talks in Berlin
-
Australia to toughen gun laws after deadly Bondi shootings
-
Lyon poised to bounce back after surprise Brisbane omission
-
Australia defends record on antisemitism after Bondi Beach attack
-
US police probe deaths of director Rob Reiner, wife as 'apparent homicide'
-
'Terrified' Sydney man misidentified as Bondi shooter
-
Cambodia says Thai air strikes hit home province of heritage temples
-
EU-Mercosur trade deal faces bumpy ride to finish line
-
Inside the mind of Tolkien illustrator John Howe
-
Mbeumo faces double Cameroon challenge at AFCON
-
Tongue replaces Atkinson in only England change for third Ashes Test
-
England's Brook vows to rein it in after 'shocking' Ashes shots
-
Bondi Beach gunmen had possible Islamic State links, says ABC
| SCS | 0.12% | 16.14 | $ | |
| CMSC | -0.04% | 23.291 | $ | |
| RBGPF | -4.49% | 77.68 | $ | |
| RIO | -0.23% | 75.485 | $ | |
| RYCEF | 2.01% | 14.9 | $ | |
| VOD | 1.18% | 12.74 | $ | |
| NGG | 0.93% | 75.63 | $ | |
| BTI | 0.69% | 57.495 | $ | |
| GSK | 0.59% | 49.1 | $ | |
| BCE | 1.07% | 23.6465 | $ | |
| CMSD | 0.21% | 23.3 | $ | |
| RELX | 1.76% | 41.103 | $ | |
| BP | -0.54% | 35.07 | $ | |
| AZN | 1.51% | 91.21 | $ | |
| JRI | 0.1% | 13.58 | $ | |
| BCC | -1.84% | 75.125 | $ |
Canada removing tariffs on US goods compliant with free trade deal
Canada will remove all tariffs on US goods that are compliant with the existing North American free trade agreement, Prime Minister Mark Carney said Friday, matching exemptions affirmed earlier this month by Washington.
President Donald Trump called the move "nice."
Speaking to reporters a day after a lengthy call with Trump, Carney said Canada has "the best deal of any country with the United States right now."
Following a series of agreements the United States has signed with major partners including the European Union, Carney said it was clear the Trump administration is compelling countries "to buy access to the world's largest economy."
He said the average tariff rate on goods entering the United States from around the world was now at 16 percent, up from two percent before Trump took office.
The US tariff rate on Canadian goods was 5.6 percent, the prime minister said, adding "85 percent of our trade is tariff-free."
Carney has said it was crucial the United States decided earlier this month to maintain its tariff exemption on all goods compliant with the United States-Mexico-Canada Agreement (USMCA).
Effective September 1, Canada will match that exemption as a goodwill gesture, as it aims to "intensify" discussions with the Trump administration on a broader trading relationship, the prime minister said.
- 'Puck in the net' -
Carney, a former competitive hockey player, said the decision to remove some counter-tariffs reflected the evolving stages of those negotiations.
"There is a time in the game... (when) we dropped the gloves in the first period to send a message," he said, using hockey terminology for punching an opponent.
"There's also a time in the game... (when) you want to put the puck in the net," he said, stressing Ottawa was now focused on clinching a deal that could offer long-term benefits for the Canadian economy.
Asked if he had received assurances from Trump on Thursday that the tariff announcement would help kickstart talks on a broader trade deal, Carney said "yes."
Trump said he "had a very good talk" with Carney on Thursday.
"I like Carney a lot. I think he's a good, good person," the president said.
Carney also stressed his government was focused on preparing for USMCA revision talks set for next year, a timeline agreed by all sides when the deal was signed during Trump's first term.
Trump's global sector-specific tariffs -- namely those targeting all auto, steel and aluminum imports -- have done the most damage in Canada.
"Canada will retain our tariffs on steel, aluminum and autos as we work intensively with the US to resolve the issues there," Carney said.
"Our focus now is squarely on these strategic sectors and the future."
K.Hill--AT