"These continued tariffs on steel and aluminum, and our countermeasures, represented significant barriers to moving forward with the new NAFTA agreement. Now that we’ve had a full lift on these tariffs we are going to work with the United States on timing for ratification," said Prime Minister Justin Trudeau during a hastily-called media availability at the Stelco steel plant in Hamilton, Ont. on Thursday.According to a joint statement from Canada and the U.S.
The deal to drop the tariffs is connected to an agreement related to measures to restrict the dumping of cheap steel, like what comes in from China and Russia, into the North American market. This comes after Trudeau and Trump spoke Thursday morning, for the third time in recent days about the tariffs. According to a readout of the two leaders' call, the pair discussed China, uranium, and the new NAFTA deal.
NDP trade critic Tracey Ramsey told CTV News that her party is pleased that the "punishing" chapter is in the past, and said that money collected from the tariffs should go back to the sector to help steel and aluminum companies to rebuild and enhance their industries.
Freeland was in Washington, D.C. earlier this week where she met with U.S. Trade Representative Robert Lighthizer and others to discuss the tariffs, among other issues.The tariffs have remained a key sticking point in the process of ratification of the renegotiated NAFTA deal called the United States-Mexico-Canada Agreement, or USMCA in America, and the Canada-United States-Mexico-Agreement, or CUSMA, here. Canada has said that the deal will not be ratified so long as the tariffs are in place.
Good news for Canada but reason for Trump back track was the higher steel costs lowering profits and potential job losses at John Deere. All over the US news. There are restrictions in the deal re Chinese steel pass thru Canada. Ok good for Canada, US industry,Trump loss
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