Canada's Prime Minister Mark Carney said on Friday that his country will drop some of its billions of dollars in retaliatory tariffs on US goods, though it will keep levies on autos, steel and aluminium.

The tariff rate is currently 25% on U.S. goods imported to Canada. Once the rollback is implemented, U.S. goods imported into Canada that are covered by the U.S.-Mexico-Canada trade agreement will be exempt from tariffs.

President Donald Trump's increased tariffs on U.S. imports from foreign countries could reduce the national deficit by $4 trillion over the next decade, the Congressional Budget Office estimated on Friday.

The new tariffs, which took effect Monday, expand the scope of the levies President Donald Trump previously announced on the valuable commodities.

Before Trump began his second term, U.S. agri-food imports faced an average tariff rate of 4% — once adjusted for the trade volumes from each trading partner. They now face an average tariff rate of 15%,

The Trump administration has launched an investigation into imported wind turbines and parts, a potential precursor to adding more tariffs on the clean-energy components.The US Commerce Department started a national security probe on Aug.

Federal Reserve Chair Jerome Powell delivers a high-profile address at the annual Jackson Hole Economic Policy Symposium.

Flexsteel reports strong 4Q25 results with margin leverage but faces growth deceleration and tariff challenges. Read why I maintain a hold rating on FLXS stock.