Multiple sources have told The Canadian Press that the U.S. is close to lifting its 25-per-cent and 10-per-cent tariffs on Canadian steel and aluminum imports - a controversial decision imposed almost a year ago as pressure during the hard-fought renegotiation of the North American Free Trade Agreement.
The Trudeau government has branded the tariffs as illegal, absurd and insulting, while Canada and Mexico say that it will be tough to ratify the new continental free trade agreement - the United States-Mexico-Canada Agreement - if they remain in place. Now, it appears Canadian negotiators have persuaded their American counterparts to accept that position - paving the way for a compromise that could allow the Trump administration to holster one of its favourite new trade weapons, while claiming to have enlisted the help of an ally in its ongoing fight.
“Companies that rely on non-North American steel and aluminum in their NAFTA/USMCA region supply chains are highly likely to be impacted by these discussions,” he said.
Trump will pull out - he hates agreeing on anything
make police officer lie
BREAKING: U.S. and Canada reach deal to end tariffs on Canadian exports of steel aluminum, CTV News reports.
What happened America? I thought you were MAGA with the tariffs...
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