Canada is ditching retaliatory tariffs, but relief at the grocery store may take time

Prime Minister Mark Carney announced that Canada will lift retaliatory tariffs on various U.S. goods effective Sept. 1 to rejuvenate trade talks, focusing on items compliant with the CUSMA. The tariffs, initially imposed in response to U.S. tariffs on Canadian exports, affected a wide range of products including food, consumer goods, and machinery, contributing to rising prices for Canadian consumers.

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