The Trump administration reached agreements with Canada and Mexico to end U.S.-imposed tariffs on steel and aluminum imports and unwind retaliatory measures, removing a major barrier to the three countries’ new trade pact.
Mr. Trump hailed the deal in a speech in Washington, saying the U.S. “just reached an agreement with Canada and Mexico and we will be selling our product into those countries without the imposition of tariffs or major tariffs.”
The U.S. agreed to drop its tariffs of 25% against Canadian and Mexican steel and 10% against their aluminum, while Canada and Mexico agreed to drop retaliatory tariffs against a wide range of items—roughly $15 billion worth of U.S. exports had been targeted—from metals to consumer products to food. Canada said its tariffs would end within two days; Mexico also confirmed the same timeline...FULL STORY