Coalition pushing to lift metals tariffs

first_imgShare Facebook Twitter Google + LinkedIn Pinterest A diverse, ad hoc coalition of more than 45 groups representing many sectors of the U.S. economy and led by the National Pork Producers Council called for an end to U.S. tariffs on Canadian and Mexican aluminum and steel imports so that America can take advantage of the U.S.-Mexico-Canada Agreement (USMCA).The Trump administration on June 1, 2018, imposed a 25% tariff on steel and a 10% duty on aluminum imports from Canada and Mexico. Both countries subsequently retaliated against a host of U.S. products. In a letter sent Wednesday to Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer, business and agricultural organizations urged the administration to lift the metals tariffs so that Canada and Mexico will rescind their duties on U.S. goods. Resolution of the metals tariff dispute will allow the groups to turn their undivided attention to generating congressional support for the USMCA, negotiations on which were concluded last fall.Farmers and food companies have been particularly hard hit by the Canadian and Mexican retaliation. Mexico’s 20% punitive tariff on U.S. pork, for example, has inflicted severe financial harm on America’s pork producers. According to Iowa State University economist Dermot Hayes, the Mexican tariff is costing producers $12 per animal, meaning industry wide losses of $1.5 billion annually.last_img

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