As Canada lifts countertariffs on American goods, what does it mean for consumers?

The federal government’s decision to lift most retaliatory tariffs on American goods is expected to deliver some relief to consumers, although experts watching the trade war say the “buy Canada” movement may continue to limit demand for U.S. products.

Prime Minister Mark Carney announced on Friday that Ottawa will mirror U.S. tariffs by only imposing them on goods that are not compliant with the United States-Mexico-Canada trade agreement, which he said was designed to reset trade negotiations with President Donald Trump. The change will take effect on Sept. 1.