US lifts tariffs on Canadian, Mexican metals in boost for trade pact

10:50 | 20/05/2019 Global Economy

The United States struck deals on May 17 to lift tariffs on steel and aluminum imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact.

Flags of the US, Canada and Mexico fly next to each other in Detroit, Michigan - Photo: REUTERS

The separate agreements, which will not impose US quotas on Canadian and Mexican metals shipments, will also eliminate Mexican and Canadian retaliatory tariffs on a broad range of US products, including pork, beef and bourbon.

The United States and Canada said their agreement would be implemented by May 19 afternoon, and includes new curbs aimed at preventing dumped steel and aluminum from China and other countries from entering the US market via Canada.

Theo NDO/Reuters