The Office of the United States Trade Representative released a statement saying that trade relations with both Mexico and Canada would be normalized with the lifting of tariffs for steel and aluminium. These policies will protect other US industries from unfair tariffs while maintaining fair and equal trade when it comes to the steel and aluminium industries. The statement reads as follows:
Washington, DC –Today, the United States announced an agreement with Canada and Mexico to remove the Section 232 tariffs for steel and aluminum imports from those countries and for the removal of all retaliatory tariffs imposed on American goods by those countries. The agreement provides for aggressive monitoring and a mechanism to prevent surges in imports of steel and aluminum. If surges in imports of specific steel and aluminum products occur, the United States may re-impose Section 232 tariffs on those products. Any retaliation by Canada and Mexico would then be limited to steel and aluminum products. This agreement is great news for American farmers that have been subject to retaliatory tariffs from Canada and Mexico. At the same time, the Agreement will continue to protect America’s steel and aluminum industries.
Joint Statement by the United States and Canada on Section 232 Duties on Steel and Aluminum
Joint Statement by the United States and Mexico on Section 232 Duties on Steel and Aluminum