The steel industries of Mexico and Canada on Tuesday urged their governments to resolve a tariff dispute with the United States before signing a new trilateral trade deal that was unveiled this week. Mexican steel producers association Canacero welcomed the new trade pact, called the United States-Mexico-Canada Agreement (USMCA), but said it viewed with concern the ongoing steel dispute and the serious situation it created for the industry. In a statement, Canacero said it supported efforts to find a solution to the impasse before the leaders of Mexico, the United States and Canada signed USMCA, which officials say could happen at a G20 summit at the end of November. If no solution can be found, Mexico should put tariffs on US steel to level the playing field, Canacero said.
Joseph Galimberti, president of the Canadian Steel Producers Association, said he expected Canada’s government to continue to support the industry after the USMCA breakthrough. He said “There is clearly an opportunity to constructively engage the United States between the achievement of a deal in principle and the ratification or signature of that deal.’
Late on Sunday, the United States and Canada reached a deal to overhaul the North American Free Trade Agreement (NAFTA), complementing an accord the Trump administration brokered with Mexico, the third member of NAFTA, in late August. US President Donald Trump said on Tuesday that US steel and aluminum tariffs would remain in place for Canada and Mexico until they can do something different like quotas, perhaps.
Source : REUTERS
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