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The majority of Canadian counters are lifted: an asset for negotiations?

by Priya Shah – Business Editor

Most trump-Era Tariffs on‌ Canadian Goods lifted,Boosting Negotiation Position

WASHINGTON -⁤ The United States has removed most of the customs duties ​imposed by the⁢ Trump management on Canadian goods,a development ‍described by trade experts as a notable win for Canada and a potential catalyst for renewed negotiations on trade irritants. while some tariffs remain in place pending court decisions, the lifting ​of many duties represents a de-escalation of trade tensions and ​strengthens Canada’s hand at⁣ the bargaining table.

the move follows years of disputes‍ over tariffs on steel, aluminum, ​and other products. initially implemented under the guise of national security concerns, these tariffs‌ prompted retaliatory measures from ‌Canada and other nations. A key element in resolving some disputes involved agreements, such as those concerning aluminum and steel, where the United States agreed to import a specific quantity ⁢of canadian products before applying customs duties.

“This does not mean ​that the price threat has disappeared, but it means that [l’artillerie lourde] was removed,” said trade lawyer Mark warner, referencing the‍ removal ⁤of major tariff pressure.

However, the​ situation remains fluid. Some of Trump’s tariff measures are currently being‍ challenged in​ U.S. courts, ⁣with‍ potential outcomes that could further benefit Canada. A recent ruling by a federal court of appeal deemed most of ​the tariffs imposed by Trump, justified by the fight against fentanyl, illegal, though the administration was granted a stay allowing the tariffs to remain in effect until ‌October⁣ 14, with plans to appeal to the Supreme ⁢Court.Despite the possibility of pursuing challenges under the Canada-United States-Mexico Agreement (Aceum), Warner believes a negotiated solution ‍is the most viable‌ path forward. “The only way to get ⁣out of this⁢ situation is to carry out ⁣a kind of negotiation,” he stated.

Background: In June,the Trump administration doubled tariffs on steel and⁣ aluminum imports to 50%. Canada, as the‌ primary supplier of these metals to the U.S., was⁣ considerably impacted. The lifting‍ of most ⁤duties offers a ​chance to stabilize trade relations and address ongoing concerns.

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