Canada pauses some counter tariffs against US
Image Credit: vanguardngr- Canada has temporarily paused some counter tariffs against the United States but maintains that 70% of these tariffs are still in place.
- Finance Minister Francois-Philippe Champagne denied claims that all retaliatory tariffs were quietly lifted, emphasizing a calibrated approach to limit economic harm.
- The pause affects sectors like food and beverage processing, health, manufacturing, and national security, offering a six-month relief period for Canadian companies to adjust supply chains.
- Canada continues to charge tariffs on approximately CAD 43 billion (USD 31 billion) of US goods amid ongoing trade tensions with the US.
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