Finance Minister Bill Morneau has quietly reversed a controversial decision to slap a surtax on two types of Mexican steel imports. Canada's emergency safeguard measures on seven categories of steel imports (just two of them from Mexico) began last October. Canada's surtax suggested Mexican steel is unfairly traded, just as Mexico was struggling to prove the opposite to the Americans. For its part, the U.S. treasury collected over US$931 million in duties on Canadian steel imports between June and October alone. Some U.S. lawmakers also are refusing to vote to ratify the new NAFTA if these steel tariffs remain in place.

Source: CBC News February 14, 2019 09:00 UTC