By The Canadian Press

Aug 22, 2025 | 8:25 AM

OTTAWA — Prime Minister Mark Carney is set to hold a news conference in Ottawa today at noon ET, after meeting with his cabinet this morning.

Carney is expected to provide an update on Canada-U.S. trade, but his office would not confirm reports that he will announce Ottawa will remove some retaliatory tariffs on American products that comply with the Canada-United States-Mexico Agreement.

Canada imposed 25 per cent tariffs on a long list of American goods in March, including oranges, alcohol, clothing and shoes, motorcycles and cosmetics.

Carney spoke with U.S. President Donald Trump by phone on Thursday.