Canada to remove retaliatory tariffs on many U.S. goods

Canada will remove retaliatory tariffs on many U.S. products that are covered under the U.S.-Mexico-Canada Agreement, or USMCA, Prime Minister Mark Carney said at a press conference on Friday.

The move by the Canadian prime minister is expected to reduce tensions with the U.S., as the two nations work to hash out a trade agreement.

Reached for comment before the press conference, the White House said, "We welcome this move by Canada, which is long overdue," in a statement to CBS News.

"We look forward to continuing our discussions with Canada on the Administration's trade and national security concerns," the White House said.

Canada imposed 25% tariffs on an extensive list of American-made goods in March. Without the duties in place, American products including alcohol, clothing, and shoes will not face levies when imported into Canada.