In order to mitigate tensions with the White House, Canada intends to eliminate customs duties used on a wide range of American goods. This will connect all the products that meet the agreement signed between the United States, Mexico and Canada, Bloomberg reports.
The article states that Prime Minister Mark Stone will announce his decision Friday, August 22, after the meeting with the Cabinet ministers.
If this happens, a wide range of consumer goods produced in the United States will no longer be subject to customs duties, although Canada wants to change its customs policy, closer to US events.
In February 2025, the United States set 25% customs duties on goods imported from Canada. The exception was the energy and energy resources imported from Canada, for which the customs duty was 10 percent. The purpose of the events is to reduce the US trade deficit, stop illegal immigration and stop the supply of fentanniles with boundaries with Canada and Mexico.
