Trump Administration Announces 6-Month Delay on Auto Imports Tariffs

Washington. President Trump is delaying any decision to impose auto tariffs on car and auto part imports deciding aga

The U.S. has reached a deal to lift steel and aluminum tariffs on Canada and Mexico, removing a major barrier to congressional approval of President Trump's revised trade deal with the countries.

The two countries also agreed to monitor imports of steel and aluminum to ensure metals that are sold at "dumped prices" - below the cost of production - are not purchased in or shipped through Canada and Mexico.

"Canada buys more American steel than any other country in the world, accounting for some 50% of US exports", the Canadian government says.

News of a deal to undo the s comes two days after Treasury Secretary Steven Mnuchin said a deal on the tariffs was looming, during his testimony to a Senate Appropriations subcommittee.

In a proclamation, the president directed US Trade Representative Robert Lighthizer to update him within 180 days on the outcome of negotiations with the EU, Japan and "any other country" Lighthizer deems appropriate. "The president is also right to be deescalating tension with our North American allies".

The Trump administration has agreed to remove aluminum and steel tariffs for Canada and Mexico as part of the trade agreement between the three nations.

Nearly a year ago, the U.S. Department of Commerce slapped tariffs of 25 per cent on imports of steel and 10 per cent on aluminum, citing national security interests.

Meng, who is caught up in an American indictment that accuses Huawei of violating USA sanctions against Iran, is awaiting an extradition hearing to determine whether she will be sent stateside to face charges.

Speaking before steelworkers in Hamilton, Prime Minister Justin Trudeau has announced a deal to end Canadian and USA tariffs on steel and aluminium.

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"We did make the commitment to work with the United States on watching how the industry is evolving and making sure that we're not becoming victims of global pressures on our steel industry".

The administration argues that US automakers' declining share of the domestic market coupled with foreign trade barriers is eroding USA innovation.

Spokesmen for U.S. Steel and Nucor, which had advocated for maintaining strong tariff protections, could not be reached for comment.

The tariffs have sparked the largest trade war in a generation and set the USA against all its major trading partners including the European Union, China, Canada and Mexico.

The U.S. has also come to an agreement to lift its steel and aluminum tariffs on Mexico.

Cameron spoke to President Trump about a deal to end the tariffs around midday, according to Cameron Ahmad, Trudeau's director of communications. After such consultations, the importing party may impose duties of 25 percent for steel and 10 percent for aluminum in respect to the individual product (s) where the surge took place (on the basis of the individual product categories set forth in the attached chart).

U.S. President Donald Trump shake hands with Canada's Prime Minister Justin Trudeau. Toyota, Hyundai-Kia, Subaru, Honda and others have significant research centres in the U.S. "China ought to take note/start dealing in good faith & take Pres Trump seriously". Opening a new front in the trade wars against European Union and Japan likely would have anxious investors even more.

The president said the usa has a great relationship with Canada but that it put up a "barrier" by imposing tariffs on American farmers.

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