On May 17, 2019, Canada and the United States announced the settlement of the cross-border steel and aluminum trade conflict. Both countries agreed to eliminate tariffs on their cross-border trade in steel and aluminum products. Mexico and the United States also settled the issue in the same way–with the reciprocal elimination of the tariffs.
We recall that in spite of the then-ongoing NAFTA re-negotiations, the Trump Administration imposed tariffs on steel and aluminum imports of 25% and 10%, respectively, from Canada in June 2018. This action was pursuant to section 232 of the Trade Expansion Act of 1962 on the . . . [more]