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Trump postpones decision on imposing steel and aluminum tariffs on Canada to June 1

With just hours remaining before Canada's exemption from new U.S. tariffs on steel and aluminum was set to expire, the United States postponed its decision on whether to impose the tariffs until June 1.

U.S. President Donald Trump ordered sweeping tariffs in March of 25 per cent on steel imports and 10 per cent on aluminum, but granted temporary exemptions to certain countries. In the case of Canada and Mexico, Trump's administration tied both countries' tariff exemptions to the successful renegotiation of the North American Free Trade Agreement.

Canada's exemption period was officially set to end at midnight April 30. But late Monday, Trump decided to give Canada, Mexico and the European Union another month to work out a deal with the Americans...

This was excerpted from the 1 May 2018 edition of CBC News.

Topic(s)

Trade Agreements

Information source

Canadian News Channel
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