WASHINGTON/OTTAWA - The United States struck deals on Friday to lift tariffs on steel and aluminum imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact.
Both Canada and Mexico argued for 14 months that their metals industries posed no security threat as their economies are integrated with the United States, and challenged the tariffs before the World Trade Organization. U.S. lawmakers with constituents suffering from Canadian and Mexican retaliation, including Senate Finance Committee Chairman Chuck Grassley, also said they would not consider a USMCA vote with the tariffs in place.See more stories
Several U.S. Democrats applauded removal of the tariffs, but said USMCA was not yet ready for their support. Jesus Seade, Mexico’s deputy foreign minister for North America, said the deal “measurably increases the probability” the USMCA will be approved before the U.S. Congress’ summer break in August. Some U.S. lawmakers say passage would become more difficult after the recess due to budget battles expected in the fall and increased 2020 presidential campaign activity.Trump’s metals tariffs have been largely aimed at keeping excess production from China out of the U.S.
Do you mean ‘raises’ or ‘removes’?
Great news for all.
The states have shown themselves to be unstable trading partners. This is not conducive to good business. Without solid contracts, no deals should be made with any US firm.
Imagine what would happen to the US economy if other countries were to say, 'thanks for all your products USA, keep them for yourselves, we are tired of being bullied'. People of the world buy a lot of products from the US that they can live without. Nettedbymarketing
Canada say that i am innocent
Just a couple of days ago, Trump was saying “We always win.” Apparently also not true.
And who got heads up on Wall St that this was coming With this admin, someone surely benefitted.
So Trump has made no significant changes to NAFTA. All this chaos has been an act to just fool his own supporters. I wonder how they feel.
Trump should not have put tariffs on our steel in the first place.
North America does better together
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