The move represents an about-face for Canada, which had been one of the few countries to punch back against President Trump’s protectionist agenda.

Prime Minister Mark Carney’s decision to remove many tariffs on imports from the US comes after a series of warnings from businesses and analysts that the levies were inflicting economic damage on Canada.

Canada is the lone Group of Seven economy that has failed to reach a tariff deal with the U.S. before Trump's deadline. Carney won an election in April, arguing his experience--as a former banker at Goldman Sachs and a central banker in two countries--made him the best person to navigate the economy through the Trump administration.

Prime Minister Mark Carney and U.S. President Donald Trump had a 'productive and wide-ranging conversation,' Carney’s office said in a statement.

Canadian Prime Minister Mark Carney and President Trump are planning further talks regarding trade and a new economic and security agreement between the U.S. and Canada. Canada is the sole Group of Seven country that didn't reach a tariffs deal with the U.