5/17/2019

CANADA/MEXICO/TARIFFS/TRUMP AS PRESIDENT: “The Trump administration reached an agreement with Canada and Mexico to lift tariffs on metal imports, resolving a yearlong standoff that inflamed North Atlantic tensions and complicated efforts to ratify a revised trade deal…As part of the agreement, both Mexico and Canada agreed to lift retaliatory tariffs on American products. Instead of tariffs, the nations would set up a system for monitoring and enforcement in case of import surges into the United States. In a statement on Friday [5-17-19] afternoon, the United States trade representative said that the metal tariffs would be removed and that both Mexico and Canada ‘had agreed on the removal of all retaliatory tariffs imposed on American goods by those countries.’ The Mexican government also said that it had reached an agreement with the United States to lift the steel and aluminum tariffs. In a statement issued by the office of President Andrés Manuel López Obrador, the government said that there would be no quotas.”

Ana Swanson and Dan Bilefsky, “United States Reaches Deal to Lift Metal Tariffs on Canada and Mexico,” The New York Times online, May 17, 2019