OTTAWA — Canada’s year-long standoff with the Trump administration over punitive U.S. steel and aluminum tariffs is finally over, removing a key hurdle in efforts to ratify the new North American trade pact. PM @JustinTrudeau just spoke with @realDonaldTrump about Section 232 tariffs on #steel & #aluminum, & Canada’s retaliatory tariffs. “The two leaders discussed the United States’ Section 232 tariffs on steel and aluminum and Canada’s retaliatory tariffs,” the Prime Minister’s Office said in a readout of the call. Dan Ujczo, trade lawyerThe agreement says the U.S. and Canada will establish a process for monitoring steel and aluminum trade between them. Watch: U.S. Treasury Secretary Steven Mnuchin hinted on Wednesday that a deal was near on North American metal tariffs.

Source: Huffington Post May 17, 2019 16:56 UTC