Every week the tariffs on Canada and Mexico remain in place, approximately $500 million of America’s imports and exports are hit with tariffs, raising costs for U.S. manufacturers and consumers, hurting American exporters, and putting American jobs at risk.
To keep our economy growing, we must remove the steel and aluminum tariffs on our North American neighbors.
Every day we wait, American businesses shoulder the cost.
Amount of U.S. exports and imports with Canada and Mexico hit by tariffs since June.
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After more than a year of negotiations, with plenty of ups and downs along the way, President Donald Trump, Canadian Prime Minister Justin Trudeau, and now former Mexican President Enrique Peña Nieto signed the U.S.-Mexico-Canada Agreement (USMCA) on November 30.
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There’s been a flurry of news about trade and tariffs lately. Tariffs on a raft of goods have taken effect over the last few months, and American businesses and consumers have started to bear the brunt of the new levies. Meanwhile, after just over a year of negotiations, the Trump administration recently sealed an important deal with Canada and Mexico to revamp NAFTA.
After 13 months of talks, and a whole lot of ups and downs, the U.S., Mexico, and Canada have reached agreement on a successor to the 25-year-old North American Free Trade Agreement (NAFTA). The aim of the new United States-Mexico-Canada Agreement (USMCA) is to bring North American trade policy into the 21st century.
The administration’s trade policies, such as the recently announced steel and aluminum tariffs, put at risk the gains from many of President Trump’s economic policy successes, most notably the jettisoning of the previous administration’s anti-growth regulatory policies and the powerfully pro-growth tax reform he signed into law late last year.
WASHINGTON, D.C. — U.S. Chamber of Commerce Executive Vice President and Head of International Affairs Myron Brilliant issued the following statement today regarding the upcoming June 1 deadline for exemptions from proposed steel and aluminum tariffs: