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Saturday, May 18, 2019

US lifts steel and aluminium tariffs on Canada

The US has reached a deal with Canada to lift tariffs on steel and aluminium imports in a move that could lead to approval for a new North American trade deal.

In a joint statement, the US and Canada announced that a 25% tariff on steel imports, and of 10% on aluminium, will end in 48 hours.

It is widely expected the US and Mexico will make a similar announcement soon.

The US implemented the tariffs last year on grounds of "national security".

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1 comment:

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