The U.S. has reached a deal to remove steel and aluminum tariffs on Canada and Mexico.
The United States has reached a deal to lift steel and aluminum tariffs on Canada and Mexico, removing one key obstacle to passing updates to the North American Free Trade Agreement, two people familiar with the matter told CNBC.
A worker walks past a steel coil loaded on a truck, at a plant in Monterrey, Mexico on August 27, 2018."Now that we've had a full lift on these tariffs we are going to work with the United States on timing for ratification" of the deal, Trudeau said after speaking with steelworkers. He said he is "optimistic" about moving forward with the agreement in the coming weeks.
The deal still faces its hurdles: Democrats have raised concerns about environmental and labor provisions in USMCA, as well as how it could affect drug prices in the U.S. Mexico passed a labor law last month in part to address those concerns.
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