US to increase tariffs on metals in Canada and Mexico

The United States is preparing for remove tariffs on steel and aluminum from Canada and Mexico in favor of stricter compliance measures, according to those familiar with the subject, to a degree that would help to pave the way for T-MEC.

What is outstanding is the effective date for eliminating rates, according to one of the people.

The measure would increase the rates of 25% on steel and 10% on aluminum in the United States imposed on its two commercial neighbors almost a year ago in the name of national security. This decision brought trade relations between regional partners to an uncertain position and called into question a new agreement to replace NAFTA.

The representative of American commerce, Robert Lighthizer, informed lawmakers at Capitol Hill of the announcement of an impending agreement, badures one of these people.

The office of Canadian Foreign Minister Chrystia Freeland declined to comment. Mexico's Ministry of Foreign Affairs did not immediately respond to a request for comment.

It's a milestone, says Trump

US President Donald Trump announced Friday the end of tariffs on steel and aluminum with Canada and Mexico.

"We have just concluded an agreement with Canada and Mexico (on trade) without imposing any import duties or import duties," he said at a conference. in Washington.

With information from Bloomberg