The United States struck deals on Friday to lift tariffs on steel and aluminum i...
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.
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