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Friday, May 3, 2019

Ross: Trump won't lift tariffs on Mexican & Canadian metals

Commerce Secretary Wilbur Ross Wednesday said that the Trump administration will not lift the steel and aluminum tariffs against Mexico and Canada without some kind of limits on those shipments. “The president is not going to take tariffs off unless there are other things that protect national security,” Ross said in an interview on Fox Business. “There are other ways to solve that problem and there have been serious discussions with both Mexico and Canada about alternative routes.” Mexico and Canada continue to resist the Trump administration’s offer to replace the tariffs with quotas. Several lawmakers, including Sen. Chuck Grassley, R-Iowa, have warned that the U.S.-Mexico-Canada Agreement (USMCA) has little chance of being approved unless those tariffs are removed.