(Bloomberg) -- Canada will remove its retaliatory tariffs on a long list of US products that comply with the existing North American trade deal, seeking to lower tensions with the White House.
Prime Minister Mark Carney is expected to announce the decision Friday after a meeting with his cabinet. The government will change its tariff policy to align more closely with US measures.
it’s a major policy shift from Canada, which was one of the only countries to swiftly retaliate against US protectionism
Great news. Haven't been a fan of their "tough guy" approach and didn't think they'd be able to sustain it. Hopefully this new strategy will work out better for them.