A long-awaited trilateral deal has been reached between Canada, the U.S. and Mexico to end the steel and aluminum tariffs, referred to as the Section 232 Duties.
The deal applies to the tariffs the U.S. imposed last June (25% on imports of steel and 10% on aluminum) by citing national security, as well as Canada’s retaliatory tariffs on steel, aluminum and as other U.S. origin consumer products.
Prime Minister Justin Trudeau and President Donald Trump are expected to issue formal announcements today with the tariff elimination to become effective 48 hours after Trump signs the official U.S. Proclamation.
We will provide updates as details are available.
For more information, please call Brian Rowe, Director – Customs Compliance & Regulatory Affairs at (905) 882-4880, ext. 213.