Canada
May 18, 2019
U.S. Lifts Section 232 Tariffs on Canada and Mexico
Written by Sandy Williams
The U.S. has agreed to lift steel and aluminum tariffs on Mexico and Canada, removing a major roadblock to the ratification of the new North American trade agreement. The Section 232 tariffs, imposing a 25 percent tax on steel imports and 10 percent on aluminum, have been in place just over one year.
The tariffs will be lifted on Monday. In return, Canada and Mexico will end all retaliatory measures and work together with the U.S. to prevent the import of aluminum or steel products that are unfairly subsidized or sold at dumped prices, as well as preventing the transshipment of steel and aluminum between the three countries. All WTO litigation between the U.S., Canada and Mexico regarding Section 232 will be dropped.
