The U.S. backed down just as Canada was hours away from announcing a series of retaliatory tariffs designed to hit Donald Trump right in the swing states.

Canadians must prepare themselves for an era marked by fierce competition between the U.S. and China, says Robert J. Hanlon of Thompson Rivers University.

"They don't punish the intended target," an industry expert warned on potential aluminum tariffs.

U.S. Trade Representative Robert Lighthizer makes clear in a statement the U.S. is anxious to get the deal in place to help facilitate the American recovery from the COVID-19 pandemic.

Canada and the U.S. reached a deal Friday to lift those tariffs and they were physically removed today.

Upcoming events and unanswered questions could still affect Canada-U.S. trade.

The lifting of the tariffs - to take place within two days of Friday's announcement - will have a minimal effect on Canada's overall economy but a sizable impact on a few industries, economists from CIBC Capital Markets wrote.

The renegotiated NAFTA deal isn't ratified yet, and Bill Kelly doubts it ever will be.

Donald Trump introduced steel tariffs because he embraces conflict. Don't expect that change, Bill Kelly says.

First North Korea, now a reimagined NAFTA. Donald Trump’s aggressive way of negotiating actually works. Maybe he’s on to something, says Jackson Proskow.