On August 22, 2025, the Canadian Government announced its intention to remove tariffs on US goods that are covered by the Canada-US-Mexico Agreement (CUSMA) on September 1st, 2025.

Notably, Canada will maintain its tariffs on steel, aluminum, and automotives, which currently sit at 25%. 

The full statement from the Office of the Prime Minister regarding the rationale behind this decision can be found here.