Canada and Mexico on Monday lifted tariffs on a slew of U.S. goods, including steel, aluminum, whiskey and beef as the three countries push for ratification of an updated trade agreement.
The moves by Canada and Mexico come three days after President Trump struck a deal to exempt both trading partners from U.S. tariffs on steel and aluminum imports.
Trump imposed tariffs of 25 percent on imported steel and 10 percent on imported aluminum in March 2018 and ended an exemption for Canada, Mexico and several others two months later.
Canada and Mexico were among several countries to impose tariffs on U.S. steel and aluminum last June in retaliation, also targeting American orange juice, whiskey and beef.
Trump imposed the tariffs in part to create leverage over Canada and Mexico as the three nations renegotiated the North American Free Trade Agreement (NAFTA). Both countries insisted that the steel and aluminum tariffs be lifted before ratifying the new version of NAFTA that was finalized in October.
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11.30.2024