canada still have the lowes tarriff in the world media report

canada still have the lowes tarriff in the world media report

Posted by agwotu oka on August 23, 2025

Prime Minister Mark Carney has just made a stunning announcement on Canada–U.S. trade relations. After weeks of tense negotiations with President Donald Trump, Canada now stands apart from the rest of the world. While global tariff rates have skyrocketed, Canada has secured the lowest tariff rate of any U.S. trading partner — with 85% of Canadian exports now tariff free. Carney revealed that Canada will remove retaliatory tariffs on U.S. goods covered under the CUSMA agreement, a strategic move that strengthens Canada’s position ahead of the critical CUSMA review. This bold decision not only shields Canadian businesses and workers from escalating trade tensions, but also ensures families across the country will see direct benefits in their daily lives. In this video, Canada Today breaks down what this move means for Canada’s economy, how it reshapes trade relations with Washington, and why Mark Carney’s strategy may be the smartest play yet in Canada’s ongoing trade battle with Donald Trump.

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