Canada Drops Retaliatory Tariffs on the U.S.

By Geller Report Staff | August 23, 2025

Photo by The White House – Flickr, Public Domain, Wikipedia

More winning and vindication for our magnificent POTUS. Canada predictably will drop it’s retaliatory tariffs on the U.S. In the meantime, the Trump tariffs are generating billions of dollars in revenue for the U.S. And according to the CBO, the Trump tariffs (if sustained) will reduce the U.S debt by $4 trillion in a decade.

Canada drops many of its retaliatory tariffs on the U.S.

• Canada announced Friday it was dropping most of its counter-tariffs of 25% on U.S. goods.
• The tariffs on U.S. autos, steel and aluminum will remain in place for now.
• The move comes as the U.S.-Mexico-Canada agreement is scheduled for a review in the next few months.

By NBC, August 22nd, 2025

Canada removed many of its retaliatory tariffs on the U.S. on Friday, marking a significant step forward in the two countries’ relationship.

Canada in March imposed counter-tariffs of 25% on a long list of U.S. products that fall in line with the North American trade deal after the U.S. had announced 25% duties on steel and aluminum. Notably, Canada’s 25% tariffs on U.S. autos, steel and aluminum will remain in place for now, Canadian Prime Minister Mark Carney said in a press conference Friday.