We have the best deal of anyone in the world right now,” Carney told reporters in Ottawa, noting that the average U.S. tariff rate on Canadian goods is 5.6 percent, the lowest among America’s trading partners.

Prime Minister Mark Carney says on Sept. 1 Canada will drop some retaliatory tariffs on American products to match U.S. tariff exemptions for goods covered under the Canada-United States-Mexico Agreement.

Canada has said it would lift billions of dollars’ worth of retaliatory tariffs on US goods in an attempt to reduce economic tensions with the White House. Prime Minister Mark Carney on Friday said Ottawa would remove the 25 per cent tariff it has imposed on many US goods since March,