U.S. agrees to lift steel and aluminum tariffs on Canada, Mexico

U.S. Poised to Lift Steel Aluminum Duties on Canada MexicoMore

"The United States and Canada will implement effective measures to: prevent the importation of steel and aluminum that is unfairly subsidized and/or sold at dumped prices; and prevent the transshipment of steel and aluminum made outside of Canada or the United States to the other country".

The discussions among the three countries have now moved to creating "enhanced monitoring" and "anti-circumvention measures" relating to non-North American steel imports. Pending the outcome of these consultations there is a possibility of re-imposing the tariffs on the offending projects.

"This agreement is great news for American farmers that have been subject to retaliatory tariffs from Canada and Mexico", USTR said.

Trudeau talked about the new deal at a media availability at Stelco in Hamilton, Ont.

Prime Minister Justin Trudeau framed his victory lap carefully so as not to offend the mercurial U.S. president, who called him weak and dishonest after last year's G7 summit in Quebec - a nadir on Canada-U.S. relations that came at the height of cross-border tensions over trade and tariffs, Trump's preferred lever when it comes to foreign relations. He was joined by several cabinet ministers, including Foreign Affairs Minister Chrystia Freeland and Finance Minister Bill Morneau. Bob Bratina, and Liberal MP for Sault Ste.

In response to the USA metal tariffs, the European Union past year imposed stinging duties on American exports like motorcycles, orange juice, whiskey and blue jeans, and threatened to retaliate further should the auto tariffs be imposed.

The president had faced a Saturday deadline to make a decision on recommendations by the Commerce Department to protect the USA auto industry from imports on national security grounds and imposing tariffs of up to 25 percent. This prompted criticism from the opposition for not resolving the damaging trade action before inking the deal. "I think they finally heard us", said one source, speaking on the condition of anonymity, citing the delicate new phase of the current negotiations.

And the Trump administration recently escalated that part of the trade wars by increasing tariffs on about $200 billion of Chinese imports and threatening more tariffs in the coming weeks.

A U.S. Commerce Department review found that imports of vehicles and some auto parts could hurt U.S. national security, but Trump chose to wait 180 days before imposing tariffs and ordered new talks to deal with the issue.

Almost 160 bipartisan members of Congress urged the top White House economic adviser, Larry Kudlow, in a letter earlier this month not to place tariffs as high as 25% on vehicles entering the US.

The Trump Administration argued the tariffs were needed because Canadian steel and aluminium presented a security threat to the USA, an allegation Foreign Affairs Minister Chrystia Freeland called "absurd".

Trudeau said his government had "stayed strong" in the face of American demands for quotas and restrictions.

"Now we can work together to deal with over production outside of North America and approve the improved free trade deal".

That's when Parliament rises for the last time before the October election will be called.

The tariffs have sparked the largest trade war in a generation and set the United States against all its major trading partners including the European Union, China, Canada and Mexico.

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