US to remove steel, aluminum tariffs on Canada, Mexico

(VOVWORLD) - The United States reached an agreement with Canada and Mexico to remove tariffs on steel and aluminum imports from its two neighbors, the US Trade Representative (USTR)'s office said on Friday. 

The USTR said in a statement that Canada and Mexico also agreed to drop their retaliatory tariffs levied on American products. The move will lift the 25 percent steel and 10 percent aluminum tariffs the Trump administration placed on Canada and Mexico a year ago in the name of "national security," removing a major barrier to the three countries' new trade pact. The United States, the USTR said, will re-impose tariffs on "specific steel and aluminum products" based on the Trade Expansion Act of 1962 if "surges" in those products occur.