US Lifts Steel, Aluminum Tariffs on Canada and Mexico
WASHINGTON -- The United States is lifting tariffs on steel and aluminum imposed on Canada and Mexico.
In a joint statement, the Canadian and American governments said Friday the U.S. will eliminate the 25% tariff on steel and 10% tariff on aluminum within 48 hours.
Canada will, in turn, withdraw its retaliatory tariffs on all products that are mostly on agriculture. Mexico plans to make a similar announcement later today.
The move is seen as a path for ratification of the United States-Mexico-Canada Agreement. The agreement was signed in November but has not been ratified.
(Photo by Vasily Maximov/Getty.)