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Trump Trade War - Canada eliminates steel tariffs on Mexico

Steel News - Published on Tue, 19 Feb 2019

Image Source: The New York Times
SP Global reported that Canadian Ministry of Finance told the CBC that Canada has eliminated its 25% steel tariffs on Mexican imports. The decision, which came into force February 2, eliminated the 25% tariff on tubular products made with steel, such as those used in the construction of steel pipelines, rods or rebar.

Neither the Canadian Ministry of Finance nor Mexico's Secretary of Economy has published any notes regarding the decision.

Mexico was subject to 25% tariffs on steel products to Canada after US President Donald Trump's imposition of tariffs on Mexican steel and aluminum in 2018. Mexico received a temporary exemption from the 25% US tariff on steel when it took effect June 23, but the US announced that exemptions would not be extended. Imports from Canada, the EU and Mexico have been subject to the tariff since October 1.

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Posted By : Ratan Singh on Tue, 19 Feb 2019
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