Friday, May 17, 2019

Trump lifts steel and aluminum tariffs on Mexico and Canada

Vox - All

The administration’s move removes a huge hurdle to getting the USMCA trade deal ratified.

It’s gotten a little lost in the intensifying trade war with China, but President Donald Trump’s steep tariffs on all imported steel and aluminum, first applied in March 2018, remain in place.

But now Canada and Mexico will get a reprieve, as the US has reached a deal to lift tariffs on steel and aluminum coming from those two countries. This eliminates a huge hurdle to the ratification of the United States-Mexico-Canada Agreement (USMCA), the revised version of NAFTA.

Read more
https://www.vox.com/2019/5/17/18629556/trump-steel-aluminum-tariffs-canada-mexico-usmca

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