Ontario, Canada — Prime Minister Mark Carney announced Friday that Canada will remove its retaliatory tariffs against the United States, marking a major shift in trade policy.

Carney confirmed that tariffs on U.S. goods — particularly those already covered under existing trade deals — will be lifted in an effort to ease tensions and stabilize cross-border trade. The move comes after months of economic back-and-forth between Washington and Ottawa, which had imposed tariffs in response to earlier U.S. trade measures.

“This is about strengthening economic cooperation and ensuring Canadian consumers and businesses are not paying the price of trade disputes,” Carney said during a press conference in Ontario.

The announcement is being viewed as a concession to U.S. pressure, with analysts noting that Canada’s decision could boost imports of American products while also lowering costs for Canadian industries that rely heavily on U.S. goods.

While welcomed by many in the business community, critics warn that backing down could leave Canada vulnerable in future trade negotiations. U.S. officials, meanwhile, hailed the decision as a step toward a more open and stable North American trade relationship.