translated from Spanish: Trump announces end of tariffs on steel and aluminum from Canada and Mexico

U.S. president Donald Trump confirmed today (17.05. 2019) that his Government reached an agreement with Mexico and Canada to eliminate US tariffs on steel and aluminum and hoped that this would pave the way for the ratification of the trilateral trade agreement called T-MEC.
“We have just reached an agreement with Canada and Mexico, and we will sell our products to those countries without the imposition of tariffs, or large tariffs,” Trump said during a speech at a conference of the National Association of Realtors in the U.S.
“I hope that Congress will soon approve the T-MEC, so that our farmers are still more successful,” he added.
End of tariffs with Canada
The president did not mention the tariffs on steel and aluminum, but his speech came shortly after his government and Canada announced an agreement whereby the U.S. agreed to eliminate tariffs of 10% to aluminum and 25% to Canadian steel taxes by state S united in May 2018.
“The United States and Canada agreed to eliminate (…) All tariffs imposed by section 232 on imports of steel and aluminum products from Canada and all tariffs that Canada imposed as retaliation, “both governments said in a joint note.
This agreement paves the way for the ratification of the negotiated free Trade agreement between Canada, the United States and Mexico, which was approved months ago and replaces the former NAFTA. In a joint statement, the two countries indicated that tariffs will rise “no later than two days since the issuance of this declaration.”
Trump’s mention of Mexico in his speech confirms that Washington also plans to remove those levies on Mexican steel and aluminum in the next 48 hours, as several media outlets had anticipated.
Trump Tariffs
President Donald Trump decreed a 25% tariff on steel and 10% for Canada’s aluminum in June. Canada, in turn, retorted by taxing US imports in the amount of about 12 billion dollars, generating a conflict in the midst of the renegotiation of the NAFTA free Trade agreement that includes Mexico.
The two countries also noted that “they will implement effective measures” to prevent the importation of steel and aluminum “that is subsidized unfairly or sold at low prices”.
They will also avoid the transit of aluminum and steel made by third parties and bound for one of the two countries and establish a process to monitor bilateral trade of the two products to remedy possible surges in the production of steel and aluminum in United States or Canada.
The announcement came a few minutes after the Canadian Prime Minister, Justin Trudeau, and the President of the United States, Donald Trump, today held a telephone conversation in which they discussed the agreement. Today’s call was the third that the two rulers have held on tariffs in less than a week.

Original source in Spanish

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