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Mexico Expects Tariff Deal this Month | KTIC Radio

Mexico Expects Tariff Deal this Month

Mexico Expects Tariff Deal this Month

Mexico expects the U.S. to stop steel and aluminum tariffs this month, before the U.S. Mexico And Canada sign a new trilateral trade agreement.

Mexico expects Trump will agree to lift the tariffs in exchange for signatures on the new U.S.-Mexico-Canada Trade Agreement, which updates the North American Free Trade Agreement. A Government official from Mexico says the expectation is that by the time of signing there “will be either a solution or a very clear track” that the tariffs will end, according to Politico. Removal of the steel and aluminum tariffs would allow Canada and Mexico to remove retaliatory tariffs imposed against roughly $15 billion in U.S. exports.

A recent report from Farm Foundation claims the retaliatory tariffs in response to steel and aluminum tariffs would cause U.S. exports to Mexico and Canada to decline by $1.8 billion, despite a new trade agreement, if not removed.

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