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Canada open to reduce its tariff retaliation if US offers more exemptions, source says

Canada is open to reducing its retaliatory tariffs on U.S. goods if the United States offers more exemptions from its own tariffs, according to a source familiar with the matter. This development comes as part of ongoing trade negotiations between the two countries, aiming to resolve disputes stemming from U.S. tariffs on Canadian steel and aluminum, which were initially imposed in 2018 under the guise of national security. Canada responded with its own retaliatory measures. The discussions are part of a broader effort to normalize trade relations, with Canada seeking to protect its industries while also expressing willingness to de-escalate trade tensions if the U.S. shows flexibility in its tariff policies.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/americas/canada-open-reduce-its-tariff-retaliation-if-us-offers-more-exemptions-source-2025-03-06/ ]