Canada drops retaliatory tariffs
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Carney spoke with Trump Thursday in what the Canadian PM's office described as "a productive and wide-ranging conversation."
The move represents an about-face for Canada, which had been one of the few countries to punch back against President Trump’s protectionist agenda.
Canadian Prime Minister Mark Carney spoke with U.S. President Donald Trump on Thursday and had "a productive and wide-ranging conversation" on trade challenges and other issues, Carney's office said in a statement.
Canada to drop retaliatory tariffs to match U.S. tariff exemptions for goods covered under USMCA trade pact. The portion of the annual revenue generated by building permit fees that goes into the Affordable Housing Trust Fund was last increased in 2022 from 5% to 10%.