U.S. Lifts Steel and Aluminum Tariffs on Canada and MexicoTuesday, May 21, 2019
(North American Meat Institute)
President Trump lifted steel and aluminum tariffs on Canada and Mexico on Friday, restoring zero-tariff trade to U.S. pork's largest export market in Mexico. A joint statement from the U.S. and Canadian governments said the tariffs - which had been in place for a year - would be removed within two days. The two sides agreed on monitoring and enforcement mechanisms to prevent steel dumping that might affect prices.
The 20% retaliatory tariffs on U.S. pork imposed by Mexico as a result of the Section 232 tariffs has been particularly hard on Meat Institute members who harvest and process pork and pork products. Additionally, the tariffs have complicated Meat Institute efforts to make a supportive case on behalf of the United States - Mexico - Canada Agreement (USMCA). Therefore, Meat Institute President and CEO Julie Anna Potts was supportive of last week's announcement.
"The removal of these barriers will help clear the way to positive and productive conversations in Congress to pass this important trade deal," Potts wrote in a press release. "We look forward to working with the Administration, our supporters in Congress and our agricultural partners to secure a critical win for agriculture with the passage of USMCA."share on facebook share on twitter