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Trump Trade War - US working on tariff relief for Mexico & Canada –USTR chief

Steel News - Published on Wed, 13 Mar 2019

Image Source: wikipedia.org
Reuters reported that US Trade Representative Mr Robert Lighthizer said that the United States is working on a plan to lift tariffs from Mexican and Canadian steel and aluminum but preserve the gains that domestic producers have received from the duties so far. He told the US Senate Finance Committee at a hearing about the World Trade Organization “What I’m trying to do is a have a practical solution to a real problem ... get rid of tariffs on these two, let them maintain their historic access to the US market which I think will allow us to still maintain the benefit of the steel and aluminum program.”

The United States imposed the “Section 232” tariffs on steel and aluminum nearly a year ago to protect domestic producers on national security grounds. A plan to lift tariffs on the metals from Canada and Mexico was once linked to the renegotiation of the North American Free Trade Agreement but ultimately was excluded from that deal.

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Posted By : Rabi Wangkhem on Wed, 13 Mar 2019
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