Published: Tue, May 21, 2019
Global Media | By Garry Long

Ending tariffs means Canadians can get back to work

Ending tariffs means Canadians can get back to work

The new NAFTA deal applies to the tariffs the USA imposed last June citing national security - 25 per cent on imports of steel and 10 per cent on aluminum - as well as Canada's retaliatory tariffs on steel, aluminum and other consumer products.

"I " m pleased to announce that we " ve just reached an agreement with Canada and Mexico and will be selling our product into those countries, without the imposition of tariffs", Trump said at an event in the usa capital. According to the new deal, the USA can re-impose tariffs if our imports surge "meaningfully" beyond historic volumes.

Trump said the agreement is going to be a "fantastic deal" for the US.

But Trump said he expects Congress will quickly approve the trade deal.

"That is why they are negotiating a good deal, and are now treating Mexico and Canada incredibly differently from (South) Korea, which has quotas", he said.

Canada and Mexico have agreed to scrap retaliatory tariffs they had imposed on American goods. The Canadian government responded in kind with matching retaliatory tariffs.

At roughly the same time, China, another leading US pork importer, also placed high retaliatory tariffs on pork, driving prices down even further.

As part of Friday's arrangement, the Canadians and Mexicans agreed to scrap retaliatory tariffs they had imposed on US goods, according to four sources in the USA and Canada who spoke on condition of anonymity ahead of an announcement.

Neal added that the deal does not address global steel overcapacity and criticized Trump's handling of trade negotiations with China, which deteriorated significantly in the last two weeks.

The New Democrats criticized the Trudeau government for agreeing to the United States Mexico Canada Agreement while the tariffs remained in place, but Freeland maintained her government considered it a separate issue.

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Trump administration imposed tariffs past year, which caused serious tensions with Canada while negotiations for a new North American free trade agreement. But both Canada and Mexico, neighbors and close US allies, had bristled at being labeled national security dangers and rejected that demand.

The discussions among the three countries have now moved to creating "enhanced monitoring" and "anti-circumvention measures" relating to non-North American steel imports.

"But it looks like some sense of sanity has prevailed in the White House at long last, helped along the way by huge pressure from the USA private sector that found these surcharges to be very hurtful", Herman said.

In order to "rationalize" the tariffs imposed on Chinese imports, the Trump administration said that the best way for Americans to avoid tax is to avoid buying Chinese-made goods and buying goods produced in the United States.

"It's a good day for steel and aluminum workers right across the country", he said.

The metal tariffs - 25% on steel and 10% on aluminum - had caused a deep rift in the ordinarily cheerful US-Canada relationship, which officials say suffered as Trump repeatedly refused Canadian Prime Minister Justin Trudeau's requests to reverse course.

Speaking in Washington, Trump said he was now hopeful NAFTA could be replaced with the new U.S. -Mexico-Canada Agreement (USMCA). Both countries have agreed to end the tariffs no later than two days from Friday's announcement.

Daniel Ujczo, an Ohio-based trade lawyer, said the Trump administration will still find a way to impose import rules even without the tariffs in place.

The U.S. has agreed to lift aluminum and steel tariffs on Canada and Mexico, resolving a standoff between the neighboring countries. They paused the discussions to give Canada time to negotiate with the USA, he said.

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