Trump Set to Lift Steel and Aluminum Tariffs on Canada and Mexico as Early as Today

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United States Expected to Lift Metal Tariffs on Canada and Mexico
By Ana Swanson
May 17, 2019

WASHINGTON — The Trump administration has reached agreements with Canada and Mexico to lift tariffs on metals imported from those countries, people familiar with the matter said, resolving a yearlong standoff that inflamed North Atlantic tensions and complicated efforts to ratify a revised trade deal.

The agreements, which could be announced as early as Friday, would essentially free both countries from President Trump’s tariffs but set up a mechanism for monitoring and enforcement in the case of import surges.

It is unclear when exactly the agreement would go into force and the terms of the deal could still change before it is officially announced.

The decision to ease the 25 percent tariffs on steel and 10 percent tariffs on aluminum comes as the White House also announced a six-month delay in determining whether to impose levies on foreign automobiles. That extension delivers a temporary reprieve to global automakers and auto suppliers, which had been bracing for punishing tariffs of up to 25 percent. But it sets up a tight six-month deadline for the president and his advisers to reach trade deals with Japan, Europe and potentially other countries.

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