Canada is dropping many of its retaliatory tariffs to match U.S. exemptions under the USMCA, Prime Minister Mark Carney announced Friday.

President Trump said he spoke to Canadian Prime Minister Mark Carney, who told him he would remove some of the retaliatory tariffs against the United States and calm trade tensions between the neighboring nations.

Canada will remove many retaliatory import tariffs on U.S. goods and intensify talks with the United States on striking a new trade and security relationship, Prime Minister Mark Carney said on Friday.