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Trump Removes Steel, Aluminum Tariffs on Canada and Mexico

  • U.S. tariffs, retaliation are set to be lifted within 48 hours
  • The move clears a major hurdle for ratifying USMCA trade pact
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The U.S. is poised to lift steel and aluminum tariffs on Canada and Mexico. Shawn Donnan reports.Source: Bloomberg)
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President Donald Trump said the U.S. will lift steel and aluminum tariffs on Canada and Mexico, boosting efforts to encourage lawmakers to ratify a new North American trade deal.

“I’m pleased to announce that we’ve just reached an agreement with Canada and Mexico and will be selling our product into those countries without the imposition of tariffs or major tariffs,” Trump said at an event Friday. “Hopefully Congress will approve the USMCA quickly.”