Canada is reportedly planning to remove retaliatory tariffs on USMCA-compliant U.S. goods in an effort to restart trade talks with President Donald Trump's administration.

Canada will remove many retaliatory import tariffs on U.S. goods and intensify talks with the United States on striking a new trade and security relationship, Prime Minister Mark Carney said on Friday.

Canada is dropping many of its 25% tariffs on goods made in the United States, with the change set to take effect Sept. 1, Prime Minister Mark Carney said..