Trump delays imposing tariffs on auto imports and parts

Sergio Conner
May 18, 2019

As a result, the U.S.is tantalizingly close to lifting its 25-per-cent and 10-per-cent tariffs on the Canadian metals, multiple sources have told The Canadian Press - controversial levies imposed nearly a year ago during the high-pressure efforts to revamp the North American Free Trade Agreement.

The statement said the countries have agreed to eliminate all tariffs the United States imposed under Section 232 on imports of aluminum and steel products from Canada, and all tariffs Canada imposed in retaliation for the action taken by the US.

The deal prompted U.S. Vice-President Mike Pence to announce plans to meet with Trudeau in Ottawa May 30 in hopes of "advancing the U.S. -Mexico-Canada Agreement as swiftly as possible". The deal between the three North American countries contains a provision that will block Chinese metal from being shipping into the United States via Canada or Mexico.

The new trade deal - the U.S. -Mexico-Canada Agreement - needs approval from legislatures in the U.S., Canada and Mexico.

High-level discussions to hammer out any final details are happening now, and the deal could be announced as early as Friday, according to a source with knowledge of the negotiations. "They were hurting Canadian consumers, Canadian workers and American consumers and American workers".

Late Friday morning, President Donald Trump and Prime Minister Justin Trudeau wrapped up their third phone call in less than a week on the tariff dispute, including Canada's decision to retaliate with more than $16 billion of its own punitive levies on American products.

"The idea we're going to have unbridled free trade in steel and aluminium - that's unlikely", said Mr. Ujczo, a laywer with Dickinson Wright who represents companies in all three countries.

Trudeau offered a shout-out to Canadian unions for their support, and said it helped the government hold firm to USA demands that it submit to quotas before lifting the tariffs. Whatever happens with China, repealing the tariffs on Canadian and Mexican steel and aluminum is a win both for free trade and for common sense. The U.S.is in talks with both trading partners, but autos are not now part of discussions with the EU.

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President Trump recently addressed the National Association of Realtors' annual legislative meetings and trade expo in Washington, D.C. On Friday, the president said his administration is getting Americans off of welfare and back into the workforce.

Canada enacted tariffs on $12.5 billion in USA exports including steel, aluminum and other products July 1, 2018, as a response to US tariffs on foreign steel and aluminum that were enacted previously.

At the time Freeland called it the "the strongest trade action Canada has taken in the post-war era".

Carmakers, which have announced hundreds of millions of dollars in higher USA costs due to the tariffs, praised the deal and said it brought USMCA passage a big step closer.

USA tariffs on steel and aluminum from Europe remain in place, as does the European Union retaliation.

The Commerce Department found that because of rising imports of autos and parts over the past 30 years, the market share of USA -owned automakers has fallen.

The date that the tariffs will go into effect is the outstanding issue, one of the people said.

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