Deal with Canada and Mexico Close, Mnuchin Says
Understanding on steel and aluminum
Treasury Secretary Steven Mnuchin said Wednesday that the Trump Administration is close to a deal with Mexico and Canada to address steel and aluminum tariffs.
He told the Senate Appropriations Committee, “I think we are close to an understanding with Mexico and Canada. I’ve spoken to the finance ministers.” He said resolving the tariff issue is “a priority of ours.”
An agreement to lift the tariffs would certainly boost the potential for congressional passage of President Trump’s U.S.-Mexico-Canada Agreement on trade that has been languishing in part because lawmakers said they won’t vote for it until the tariffs are removed.
- For Secretary Mnuchin, Trade Representative Lighthizer and others who are negotiating on behalf of the U.S. to find agreement with Mexico and Canada.
About how settling the tariff issue with Mexico and Canada will give incentive to the negotiations with China.