Canada has effectively suspended almost all of its retaliatory tariffs on US products, tamping down inflation risks and improving its growth outlook, according to Oxford Economics.

“I’m not sure they’ll be totally removed,” Hoekstra said in an interview on Global TV’s The West Block Sunday when asked about the 25% tariff US President Donald Trump placed on most Canadian goods in March, citing concerns about fentanyl entering the US.

The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.

Chinese imports to the U.S. dropped to their lowest levels since the pandemic as punishing tariffs began to take hold in March.

A drop in the number of Canadian travelers to New England is raising questions about the summer tourism season.

The government imposed new import taxes of 25 per cent on about $60 billion of U.S.-made goods in March in response to the first round of tariffs from the Trump administration. Canada also retaliated against U.S. auto tariffs in early April by putting its own levies on U.S. vehicles.

Allegheny County sends more than $1 billion in goods and services to Canada each year, and officials are concerned tariffs will have a massive impact locally if the trade war doesn't relent. Why it matters: Tariffs on Canada established by President Trump — and retaliatory tariffs on the U.

Ontario's top exports to Manitoba include household goods, food and beverages, the province says. Manitoba's top exports to Ontario are canola oil products and conventional crude oil. In 2021, trade between the two provinces was valued at $19.5 billion, the release said.