On May 17, 2019, the Office of the United States Trade Representative (USTR) announced an agreement with Canada and Mexico for the elimination of Section 232 tariffs concerning steel and aluminum imports from those countries. Both Canada and Mexico also agreed to eliminate their retaliatory tariffs imposed on U.S. origin products in response to the U.S. Section 232 tariffs.
All parties will eliminate their respective tariffs within two days of the announcement. Related World Trade organization (WTO) litigation activities will be withdrawn by the parties.
As part of the agreement framework, the parties will work together further to monitor and/or prevent:
• the import of ‘unfairly subsidized’ or the ‘dumping’ of steel and aluminum products;
• the transshipment of steel and aluminum products made outside North America into a party country;
• surges of steel and aluminum imports into the U.S. from Canada or Mexico.
Delmar International will continue to monitor U.S. Section 232 trade developments and provide updated information as it is made available.
Please contact your local Delmar Representative or email our U.S. Customs Advisory Services Group for additional information and assistance.