Canada Eliminates Steel Tariffs On Mexico
Date: Feb 19, 2019
Canada has eliminated its 25% steel tariffs on Mexican imports, the Canadian Ministry of Finance told the CBC on Friday.
Neither the Canadian Ministry of Finance nor Mexico’s Secretary of Economy has published any notes regarding the decision.
Mexico was subject to 25% tariffs on steel products to Canada after US President Donald Trump’s imposition of tariffs on Mexican steel and aluminum in 2018. Mexico received a temporary exemption from the 25% US tariff on steel when it took effect June 23, but the US announced that exemptions would not be extended. Imports from Canada, the EU and Mexico have been subject to the tariff since October 1.The tariffs were dealt with separately under the US-Mexico-Canada Agreement, or USMCA, with no timeline provided for such negotiation.
