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.”