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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.
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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.
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