US eases some tariffs on Canadian goods, adds others
The White House will ease tariffs on some Canadian products, including certain machinery, from October 30. It will add tariffs on others, such as carpets. Senator Susan Collins of Maine first announced the change.
Why it matters
Importers and manufacturers on both sides of the border face changed costs on specific goods.
Background
The US and Canada have been in a tariff dispute since President Trump returned to office. Oil and gas have been left out of the tariffs.
The story so far
- Canada unveils $6.2 billion plan to support manufacturers hit by tariffs
- US to exempt some Canadian imports from tariffs, Collins says
- US eases some tariffs on Canadian goods, adds others
- Trump says Canada trade deal coming soon
Sources
- BBC News ↗Oct 23, 8:36 PM ET
- CNBC ↗Oct 23, 5:26 PM ET
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