The United States on Friday agreed to lift steel and aluminum tariffs imposed on North American trading partners Canada and Mexico, removing one major impediment to enacting the Trump administration’s proposed United States Mexico Canada Agreement (USMCA).
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After months of negotiations, President Trump, Canadian Prime Minister Justin Trudeau and Mexico’s then-president, Enrique Peña Nieto, on Friday signed a new trilateral trade agreement on the sidelines of the G-20 summit in Buenos Aires, Argentina.
After months of negotiations, President Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto on Friday signed a new trilateral trade agreement on the sidelines of the G-20 summit in Buenos Aires, Argentina.
Mexico’s plans to retaliate against the Trump administration for its decision last week to impose tariffs on steel and aluminum imports started to come into focus Tuesday.
Mexico said it would follow the European Union’s (EU) lead and file legal proceedings with the World Trade Organization (WTO) over the Trump administration’s decision last week to impose tariffs on steel and aluminum imports.
One day before controversial new tariffs on steel and aluminum imports on several U.S. allies were to take effect, the Trump administration on Monday extended trade negotiations with Canada, Mexico and the European Union (EU) for another 30 days.
In the final hours before new tariffs on steel and aluminum imports were to take effect, the White House late Thursday issued a trio of proclamations to fine tune the tariffs, exempting several allied nations with whom negotiations were ongoing.
After garnering feedback from many circles, including the oil and natural gas industry, the Trump administration outlined a procedure for requesting an exemption to its recently announced tariffs on steel and aluminum imports, and began accepting such requests on Monday.
Nearly 100 shale gas-driven chemical industry projects in the United States — worth about $71.7 billion — will generate $20 billion in federal, state and local tax revenue by 2020, according to an analysis released Monday by the American Chemistry Council.