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Steel and aluminum tariffs could be gone by USMCA signing

There’s speculation U.S. steel and aluminum tariffs placed on Canada and Mexico could soon be lifted.

Dave Salmonsen with American Farm Bureau says there’s heightened attention on eliminating those barriers as the countries prepare to sign a new trilateral trade agreement November 30^th at the G20 Summit.

“It certainly seems like a good time with the signing of this U.S. Mexico Canada Agreement to try to get this resolved.”

He tells Brownfield Mexican officials recently said they’d like to see the tariffs eliminated by the end of the month.  But, he says several issues need to be worked out.

“The U.S. Administration wants Canada and Mexico to come into some sort of a program, agreement, or something like that to deal with steel and aluminum exports to the U.S.  So that has to be worked out.”

A new report from the Farm Foundation claims if the retaliatory tariffs aren’t removed, it would cause U.S. exports to Canada and Mexico to decline by nearly $2 billion dollars, despite the new agreement.