Chinese Tariffs Increase While U.S. Lifts Metal Tariffs for Canada and Mexico

摘要

May was an active month for tariff negotiations in the U.S. Despite months of negotiations, the Administration announced an increase in tariffs on more than $200 billion of Chinese products on May 10, 2019. A week later, the administration lifted aluminum and steel tariffs on Canada and Mexico as progress was made on the new U.S Mexico Canada Agreement (USMCA).