REPORT: Mexico hints that deal may be close on steel tariffs, boosting Trump USMCA

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BY TEAM DML / MAY 15, 2019 /

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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by WASHINGTONEXAMINER.COM:

A top Mexican official has raised hopes for the possibility of the U.S. lifting its steel and aluminum tariffs, a move that would boost President Trump’s U.S.-Mexico-Canada agreement on trade in Congress.

“We are, I think, close to negotiating the lifting of the tariffs. We’re having very fruitful conversations on lifting the tariffs not only in the U.S. but also here in Toronto,” Mexican Economy Minister Graciela Marquez said following a meeting with Canada’s top trade negotiator, Foreign Minister Chrystia Freeland.

The article goes on to state the following:

To vote for the USMCA deal, which would replace the 1993 North American Free Trade Agreement, several members of Congress are demanding that the U.S. restore exemptions to the 25% tariff on steel and 10% tariff on aluminum that Canada and Mexico previously enjoyed.

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