Wednesday, May 15, 2019

Mexico says it has a deal on U.S. tariffs

Mexico said it has reached a deal with the United States to lift tariffs on steel and aluminum, but is waiting for the outcome of negotiations between the U.S. and Canada.

Trade Minister Christia Freeland was in Washington Wednesday to meet with chief U.S. trade negotiator Robert Lighthizer, but there was no word of a deal.

Instead Freeland snubbed the tougher stance U.S. President Donald Trump is taking in relations with Cuba and went from Washington to Cuba.

If the steel and aluminum tariffs come off, Canada and Mexico will probably drop the tit-for-tat tariffs they imposed on dozens of U.S. products.

Hog farmers in the U.S. are keen to see an end to Mexico’s tariffs on pork.

An end to the tariffs would also pave the way for swift approval of the free trade deal negotiated last year among Canada, Mexico and the U.S.