Canada and Mexico both announced Monday they will lift tariffs they placed on the United States last year in retaliation for the Trump administration’s effort to pressure them during negotiations for the United States-Mexico-Canada Agreement on trade. That follows the U.S. agreeing Friday to exempt Canada and Mexico from its tariffs on steel and aluminum. The moves indicate the three governments are united on ensuring the passage of USMCA through their respective legislatures.
“With these developments, Canadian and American businesses can now get back to what they do best: working together constructively and supporting good, well-paying middle class jobs on both sides of the border. The removal of tariffs and countermeasures is a true win-win for everyone involved, and great news for Canadian and American workers, for our communities, and our economies,” Canadian Finance Minister Bill Morneau said.
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