Steel Products
BREAKING: U.S. Lifting Section 232 Tariffs on Canada and Mexico
Written by Sandy Williams
May 17, 2019
The Washington Post reports that the U.S. has agreed to lift steel and aluminum tariffs on Mexico and Canada in 48 hours in return for tougher measures to prevent Chinese steel from entering the U.S. via Canada or Mexico. According to sources, the agreement does not include previously discussed quotas for the two North American nations. The agreement is a significant step toward the ratification of the U.S.-Mexico-Canada Agreement.
This blog will be updated as more information comes in.
Sandy Williams
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Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.