Canada announced on Friday that it will remove many of the retaliatory tariffs imposed on U.S. goods as a sign of goodwill aimed at resuming trade talks that have stalled.
Canadian tariffs on goods that are compliant with the U.S.-Mexico-Canada Agreement (USMCA) will be lifted under the move, while tariffs imposed on U.S. autos, steel and aluminum will remain in effect for now.
"In this context and consistent with Canada's commitment to USMCA, I am announcing today that the Canadian government will now match the United States by removing all of Canada's tariffs on U.S. goods specifically covered under USMCA," Canadian Prime Minister Mark Carney said at a press conference in Ottawa.
"Canada and the U.S. have now re-established free trade for the vast majority of our goods," Carney added. He also emphasized that compared with trading partners, Canadian exports are still subject to a relatively low level of U.S. tariffs.
"Canada currently has the best trade deal with the United States. And while it's different from what we had before, it's still better than that of any other country," Carney said.
Carney said that President Donald Trump told him the move would kick-start trade negotiations that have stalled.
"We welcome this move by Canada, which is long overdue," a White House official told FOX News. "We look forward to continuing our discussions with Canada on the Administration's trade and national security concerns."