Showing posts from December, 2018

New NAFTA Deal Signed but Steel and Aluminum Tariffs Continue

President Trump, Canadian Prime Minister Justin Trudeau, and outgoing Mexican President Pena Nieto signed the US-Mexico-Canada Agreement (USMCA) at the G-20 meeting in Buenos Aires, Argentina this morning.  The USMCA is intended to replace the North American Free Trade Agreement (NAFTA) that has been in force since 1994.  Today’s signing is an important step towards adoption of the USMCA, but much work remains to be done by all three governments before it is fully adopted and implemented.

Unfortunately, the USMCA did not resolve the issue of 232 tariffs on steel and aluminum imports. In November, PMA joined a coalition of 34 business groups in urging US Trade Representative Robert Lighthizer to remove the steel and aluminum tariffs on Canada and Mexico once the USMCA was signed.  In the letter, the groups stated:

"[T]he continuation of these tariffs with respect to Mexico and Canada will create impediments to Congressional passage of the USMCA implementing bill given concerns exp…