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Global MFG - May 21, 2019

Trump Lifts Tariffs on Mexico Canada

Trump Lifts Tariffs on Mexico, Canada

Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By removing the metals tariffs on Canada and Mexico, Trump cleared a key roadblock to a North American trade pact his team negotiated last year. As part of Friday's arrangement, the Canadians and Mexicans agreed to scrap retaliatory tariffs they had imposed on U.S. goods.

Paul Wiseman, Tom Krisher, Kevin Freking, Rob Gillies | Industrial Equipment News (IEN)

#canada #manufacturing #mexico #tariff