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Carney hints at dropping some U.S. tariffs if it will help Canadian industries hit by trade war
Prime Minister Mark Carney showed no signs of retaliating against U.S. President Donald Trump's increased tariffs — and even suggested he's open to removing existing tariffs if it would help Canadian industries. Carney faced questions Tuesday about Canada's next steps after the two countries failed to reach a trade deal by the Aug. 1 deadline, resulting in a 35 per cent import tax on some Canadian goods. The rate applies to goods not covered by the Canada-U.S.-Mexico Agreement, which governs trade between the three countries. The Trump administration said Canada's higher rate was a response to fentanyl trafficking ... (full story)
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