You are here: Home > Steel News > Latest Steel News > Canada...

Canada and Mexico officially lift retaliatory tariffs against the US

Monday, 20 May 2019 22:28:40 (GMT+3)   |   San Diego
       

According to multiple news reports, Canada and Mexico on Monday lifted retaliatory tariffs on US goods, including steel, aluminum, whiskey and beef, after the US lifted on Friday Section 232 tariffs on steel and aluminum imports from the two countries.

All three countries are currently working on ratifying the new USMCA trade deal. Canada and Mexico had both insisted previously that the tariffs be lifted before the trade deal was implemented.

"With these developments, Canadian and American businesses can now get back to what they do best: working together constructively and supporting good, well-paying middle class jobs on both sides of the border,” said Canadian Finance Minister Bill Morneau in a statement. “The removal of tariffs and countermeasures is a true win-win for everyone involved, and great news for Canadian and American workers, for our communities, and our economies."

Mexico’s steel association, Canacero, also said it welcomes the decision, adding, “the decision to eliminate the duties is a firm step toward a great advancement of the US-Mexico-Canada agreement.”


Similar articles

US Supreme Court declines to hear steel importer’s Section 232 appeal

30 Oct | Steel News

US and EU fail to reach agreement on Section 232 tariffs, aim for deal later this year

20 Oct | Steel News

US suspends Section 232 tariffs on steel imports from Ukraine

09 May | Steel News

Reactions to US-EU steel tariff news trend positive

02 Nov | Steel News

US Court of International Trade rules doubled tariffs on Turkish steel violated Section 232

14 Jul | Steel News

US Court of Appeals upholds CIT decision to maintain Section 232 tariffs

28 Feb | Steel News

US nail manufacturers ask to intervene in case at Court of International Trade

24 Feb | Steel News

US DOC inspector general finds “improper influence” in Section 232 exemption process

30 Oct | Steel News

New bill to constrain Trump’s tariff powers introduced in US Congress

28 Jun | Steel News

Senator Grassley moves forward with bill to restrain Trump’s tariff powers

11 Jun | Steel News