Mexican Media Brands
Trump Priority: Update NAFTA First, Then Drop Metals Tariffs
The White House wants Congress to ratify the updated North American trade deal before considering whether to drop U.S. tariffs on imported steel and aluminum from Canada and Mexico.
#aluminum #economics
Share
The White House wants Congress to ratify the updated North American trade deal before considering whether to drop U.S. tariffs on imported steel and aluminum from Canada and Mexico.
“Once we address the inequities that existed under NAFTA,” Vice President Mike Pense tells reporters in Detroit, “We’ll give due consideration to other tariffs that have been imposed.”
The so-called U.S.-Mexico-Canada Agreement, approved late last year to replace the 25-year-old North American Free Trade Agreement, hasn’t been ratified by any of the signatory countries.
Carmakers have voiced support for the new deal. But many also want the Trump administration’s year-old tariffs—25% on steel and 10% on aluminum—to be lifted as part of the ratification process.
Canada Foreign Minister Chrystia Freeland agrees. She told reporters last month that many Canadian politicians see little reason to approve the pact until the taxes are dropped.
RELATED CONTENT
-
Increasing Use of Structural Adhesives in Automotive
Can you glue a car together? Frank Billotto of DuPont Transportation & Industrial discusses the major role structural adhesives can play in vehicle assembly.
-
Aluminum Engine Block Casting Improved
.
-
Light Rider
When you think of the forthcoming LA Auto Show and Los Angeles in general, you may think of (1) very expensive, very large vehicles being piloted by very egotistical stars and (2) very jammed freeways full of the aforementioned, as well as numerous other vehicles of a less ostentatious variety.