World News: 22:07 GMT Friday 17th May 2019. [Yahoo Business News Feed via SPi World News]
The separate agreements, which will not impose U.S. quotas on Canadian and Mexican metals shipments, will also eliminate Mexican and Canadian retaliatory tariffs on a broad range of U.S. products, including pork, beef and bourbon. The United States and Canada said their agreement will be implemented by Sunday afternoon, and includes new curbs aimed at preventing dumped steel and aluminum from China and other countries from entering the U.S. market via Canada. President Donald Trump had imposed the global 'Section 232' tariffs of 25% on steel and 10% on aluminum in March 2018 on national security grounds, invoking a 1962 Cold War-era trade law.
Read More: https://news.yahoo.com/u-poised-lift-steel-aluminum-tariffs-canada-mexico-152749469.html
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