Canada is ready to soften its response to US tariffs if the administration of US President Donald Trump reduces some of the tariffs it has imposed on Canadian goods, Reuters reported, citing a Canadian government source.
Negotiations between Ottawa and Washington are continuing, but no agreement has yet been reached to ease tariff restrictions.
On March 5, the US suspended tariffs for one month on imported cars under the free trade agreement between the United States, Canada and Mexico. Trump made the decision at the request of automakers General Motors, Ford and Stellantis. Meanwhile, the US administration still plans to impose retaliatory tariffs on imports from a number of other countries on April 2.
On February 1, Trump signed an executive order increasing tariffs on goods from Canada, China and Mexico. A 10% tariff on imports from China went into effect on February 4, while tariffs on Canadian and Mexican products were delayed for a month pending negotiations with the governments of those countries. On March 4, the US administration imposed a 25% tariff on almost all imports from Canada and Mexico, and also raised tariffs on goods from China from 10% to 20%.