On Friday, Prime Minister Mark Carney announced that Canada will lift surtaxes on U.S. goods covered by the Canada-U.S.-Mexico Agreement (CUSMA) effective September 1. He added that surtaxes on steel, aluminum, and autos will remain in place however, as the government continues working with the U.S. to establish a revised trading relationship.
Mr. Carney noted that despite the ongoing U.S. tariffs on steel, aluminum, autos, copper, lumber and energy, 85% of trade with the U.S. is still tariff-free, which is a better deal than other countries have.
A White House official said they welcome the move, calling it "long overdue."
This was excerpted from the August 22nd CBC News article.
Omnitrans is monitoring the situation closely and will provide further updates as more information becomes available.