ChainCatcher news, according to related media reports, Canada will cancel the retaliatory tariffs imposed on many U.S. products that comply with the existing North American trade agreement, aimed at easing tensions with the White House. Canadian Prime Minister Mark Carney is expected to announce this decision after a cabinet meeting on Friday. According to sources familiar with the matter who requested anonymity, the government will adjust its tariff policy to align more closely with U.S. measures.

This means that as long as they meet the terms outlined in the USMCA, many consumer goods made in the U.S. will no longer face a 25% tariff when exported to Canada. However, the Canadian government may maintain the 25% import tariffs on U.S. steel and aluminum products, as well as tariffs on U.S. automobiles. U.S. President Trump has already imposed tariffs on these industries.