It’s gotten a little lost in the intensifying trade war with China, but President Donald Trump’s steep tariffs on all imported steel and aluminum, first applied in March 2018, remain in place.
But now Canada and Mexico will get a reprieve, as the US has reached a deal to lift tariffs on steel and aluminum coming from those two countries. This eliminates a huge hurdle to the ratification of the United States-Mexico-Canada Agreement (USMCA), the revised version of NAFTA.
The US struck a deal with Canada and Mexico that would increase enforcement to ensure cheap Chinese imports don’t make their way into the US market. The tariffs are to be lifted no later than 48 hours after the agreement was officially announced.
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