U.S. agrees to lift steel and aluminum tariffs from Canada, Mexico

The CSCB has contacted CBSA, GAC, and Finance Canada, asking when practical information regarding the importation of these goods will be available, and have been advised that Customs Notice will be issued shortly.

Canada’s year-long standoff with the Trump administration over punitive U.S. steel and aluminum tariffs is finally over, removing a key hurdle in efforts to ratify the new North American trade pact.

Global Affairs Canada says the tariffs will be removed within two days.

Canada has also agreed to drop all of its retaliatory measures and legal actions at the World Trade Organization.

This was excerpted from 17 May 2019 edition of the Financial Post.