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在线翻译:
szdaily -> World Economy -> 
US lifts tariffs on Canadian, Mexican metals
    2019-05-20  08:53    Shenzhen Daily

THE United States struck deals Friday to lift tariffs on steel and aluminum imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact.

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 would be implemented by yesterday 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 percent on steel and 10 percent on aluminum in March 2018 on national security grounds, invoking a 1962 Cold War-era trade law.

Both Canada and Mexico argued for 14 months that their metals industries posed no security threat as their economies are integrated with the United States, and challenged the tariffs before the World Trade Organization.

“This is just pure good news for Canadians,” Canadian Prime Minister Justin Trudeau told reporters after announcing the deal to workers at Stelco Holdings Inc.’s steel mill in Hamilton, Ontario.

The metals tariffs were a major irritant for Canada and Mexico and had caused them to halt progress toward ratification the new U.S.-Mexico-Canada Agreement (USMCA), the trilateral trade deal to replace the 25-year-old North American Free Trade Agreement.

U.S. lawmakers with constituents suffering from Canadian and Mexican retaliation, including Senate Finance Committee Chairman Chuck Grassley, also said they would not consider a USMCA vote with the tariffs in place.

Trudeau said Canada would now work with the United States on the timing of the USMCA ratification and said he was optimistic Canada would “be able to move forward well in the coming weeks.”

U.S. Vice President Mike Pence said he would meet with Trudeau in Ottawa on May 30 to discuss “advancing” ratification.

Several U.S. Democrats applauded removal of the tariffs, but said the USMCA was not yet ready for their support.

“When it comes to the new agreement, House Democrats continue to have a number of substantial concerns related to labor, environment, enforcement, and access to affordable medicines provisions. Those issues still need to be remedied,” said House Ways and Means Committee Chairman Richard Neal. (SD-Agencies)

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