US To Lift Steel Tariffs On Canada, Mexico

WASHINGTON (AP) — The Latest on President Donald Trump and U.S. trade tariffs (all times local): 4:50 p.m. Mexico's National Chamber of the Iron and Steel Industry is congratulating…

The office of United State Trade Representative Robert Lighthizer says an agreement reached with Canada and Mexico allows the U.S. to reimpose steel and aluminum tariffs if there is a “surge” in imports of those products.

President Donald Trump had imposed tariffs of 25% on imported steel and 10% on imported aluminum in the name of national security. But that brought retaliation on U.S.-made goods, hitting American manufacturers and farmers.

The three nations agreed Friday to drop those tariffs.

Lighthizer’s office says the agreement ending the dispute ensures that if the U.S. does reimpose tariffs, Canada and Mexico must limit retaliation to American steel and aluminum products.

The statement describes the agreement as “great news for American farmers” that continues to protect America’s steel and aluminum industries.

Source: AP, post

 

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