Trump Reviewing Tariffs on Canada Steel and Aluminum, Craft Says – by Josh Wingrove and Bryce Baschuk (Bloomberg/Yahoo Finance – October 26, 2018)

https://finance.yahoo.com/

(Bloomberg) — The U.S., Canada and Mexico remain at odds over metals tariffs, with Donald Trump’s envoy to Canada saying the president is reviewing them.

Trump’s ambassador, Kelly Craft, argued Friday the levies on steel and aluminum imports were designed to prevent overseas metal from entering America via its neighbors.

“That is not something that is against Canada,” Craft said at an event near Niagara Falls with Canada’s ambassador to the U.S., David MacNaughton. “It’s just protecting North America from other countries that will be passing raw materials through, and also to protect our steel industry at home.”

Her remarks come as Mexico signals there is a renewed push underway to resolve the metals tariff issue before a tentative deal to replace North America’s free trade agreement is signed at the end next month.

“We need to solve that issue before the signing takes place,” Mexico’s deputy economy minister for trade, Juan Carlos Baker, said separately in Ottawa. “Certainly we expect the 232 issue to be taken care of before the signing,” he added, referring to the section of U.S. trade law used to apply the tariffs.

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