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Trump lifts tariffs on steel from Mexico and Canada, delays auto tariffs

SFGate Friday, 17 May 2019 ()
WASHINGTON — Bogged down in a sprawling trade dispute with U.S. rival China, President 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.

“I’m pleased to announce that we’ve just reached an agreement with Canada and Mexico, and we’ll be selling our product into those countries without the imposition of tariffs, or major tariffs,” Trump said in a speech to the National Association of Realtors.

In a joint statement, the U.S. and Canada said they would work to prevent cheap imports of steel and aluminum from entering North America. The provision appeared to cover China, which has long been accused of flooding world markets with subsidized metal, driving down world prices and hurting U.S. producers. The countries could also reimpose the tariffs if they face a “surge” in steel or aluminum imports.

In Washington, some were urging Trump to take advantage of the truce with U.S. allies to get even tougher with China.

“China is our adversary,” said Sen. Ben Sasse, R-Neb. “Canada and Mexico are our friends. The president is right to increase pressure on China for their espionage, their theft of intellectual property, and their hostility toward the rule of law. The president is also right to be deescalating tension with our North American allies.”

Earlier Friday, the White House said Trump is delaying for six months any decision to slap tariffs on foreign cars, a move that would have hit...
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News video: President Trump Lifts Tariffs On Steel, Aluminum From Canada, Mexico

President Trump Lifts Tariffs On Steel, Aluminum From Canada, Mexico 00:23

They amounted to 25% on steel and 10% on aluminum.

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