Canada to drop some of its retaliatory tariffs on the US

Canada has announced plans to drop some of its retaliatory tariffs on the United States. This decision comes after the two countries failed to reach a trade agreement by their self-imposed deadline. The tariffs were initially imposed by Canada in response to the U.S. administration's decision to impose tariffs on Canadian steel and aluminum exports. The move is seen as a conciliatory gesture aimed at de-escalating the ongoing trade tensions between the two nations. While the details of which specific tariffs will be lifted have not been disclosed, the decision is expected to provide some relief to businesses and consumers in both countries affected by the trade dispute. However, it remains to be seen whether this step will lead to a more comprehensive trade agreement between Canada and the U.S. in the near future. The announcement underscores the ongoing efforts to find a mutually acceptable solution to the trade tensions, despite the missed deadline for a resolution.