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Trump will suspend year-old steel, aluminum tariffs on Canada and Mexico

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WASHINGTON – President Donald Trump will suspend tariffs on steel and aluminum that were imposed on Canada and Mexico a year ago in an effort to…
WASHINGTON – President Donald Trump will suspend tariffs on steel and aluminum that were imposed on Canada and Mexico a year ago in an effort to gain leverage in broader trade negotiations, the White House said Friday.
Trump was poised to lift the tariffs in coming days, said two sources familiar with the deal who spoke on the condition of anonymity to discuss details of an announcement not yet made public. The president announced a deal in broad outlines during a previously scheduled speech in Washington on Friday.
« I’m pleased to announce that we’ve just reached an agreement with Canada and Mexico and we’ll be selling our products into those countries without the imposition of tariffs, or major tariffs, » Trump said during an address to the National Association of Realtors. « Big difference. »
Trump drew howls from allies last May when he used an obscure provision of a 1962 law to claim a trade imbalance in metals presented a national security risk to the U. S. In one of the first concrete steps Trump took on trade, the president levied a 25% tariff on steel and a 10% tariff on aluminum from Canada, Mexico and the European Union.

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