In Political Shift, Canada Signs U.S.-Mexico Trade Agreement

摘要

On Sept. 30, Canada joined a new trade agreement with the U.S. and Mexico after months of resistance from Prime Minister Justin Trudeau. The renegotiated agreement-USMCA, which replaces NAFTA-follows President Donald Trump's imposed tariffs on steel and aluminum imports from the neighboring countries. Despite the new deal, the 25% tariff on imports of steel and 10% on aluminum imposed on Canada and Mexico will continue "until such time we can do something so our steel industry is protected," Trump said Oct. 1 at a White House press conference. He pointed to quotas on imports of Canadian and Mexican steel and aluminum as an agreement that might lead to ending the tariffs.