Trump lifts steel, aluminum tariffs on Canada, MexicoBy The Manila TimesWASHINGTON, D.C.: President Donald Trump on Friday announced a deal to lift US tariffs on steel and aluminum imports from Canada and Mexico that had created friction between the neighbors and blocked a new North American free trade agreement. “Trump’s strategy has worked,” US Commerce Secretary Wilbur Ross said in a statement, crediting the tariffs with reviving US steel and aluminum manufacturers. Canada and Mexico initially were exempted from the tariffs Trump enforced using a national security argument, as part of his hardline trade tactics. Democratic US Senator Chuck Schumer applauded the decision to remove the metals tariffs, but said there are other concerns about the USMCA. US tariffs on steel and aluminum from Europe remain in place, as does the EU retaliation.

Source: Manila Times May 18, 2019 02:37 UTC