The United States and Canada on Friday announced a deal to remove tariffs on Can...
WASHINGTON/OTTAWA - The United States and Canada on Friday announced a deal to remove tariffs on Canadian steel and aluminum in exchange for new curbs to keep dumped metals from China and other countries out of the United States, paving the way for a similar pact with Mexico.
The 25% tariff on steel and 10% tariff on aluminum from Canada and Mexico were a major hurdle to ratification of the new trilateral trade deal to replace the 25-year-old North American Free Trade Agreement. News of the deal to put in place a “monitoring system” for steel and aluminum transshipments broke after U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau discussed the tariffs earlier on Friday.
The two leaders spoke “about Section 232 tariffs on steel and aluminum, and Canada’s retaliatory tariffs,” Cameron Ahmad, Trudeau’s communications director, wrote. “They also discussed China, uranium, and the new NAFTA.”
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