U.S. close to resolving tariffs row with Canada, Mexico - Mnuchin
Reuters
Published May 15, 2019 17:02
U.S. close to resolving tariffs row with Canada, Mexico - Mnuchin
By David Lawder
WASHINGTON (Reuters) - The United States is close to resolving a dispute over steel and aluminium tariffs with Canada and Mexico, U.S. Treasury Secretary Steven Mnuchin said on Wednesday as high-level American and Canadian officials prepared to meet to discuss trade issues.
"I think we are close to an understanding with Mexico and Canada," on resolving the tariffs, Mnuchin said at a U.S. Senate Appropriations subcommittee hearing. He not provide any details about the potential agreement.
U.S. Trade Representative Robert Lighthizer was scheduled to meet with Canadian Foreign Minister Chrystia Freeland in Washington later on Wednesday to discuss the metals tariffs and other issues related to the U.S.-Mexico Canada Agreement.
That trade deal would replace the North American Free Trade Agreement (NAFTA), but the U.S. Congress has yet to ratify it.
Lighthizer is expected to propose a process for removing the steel and aluminium tariffs, CNBC reported separately, citing an unnamed senior official.
U.S. lawmakers have insisted those tariffs must be lifted on Canada and Mexico before a vote on USMCA can proceed. Lighthizer is also due to meet with U.S. House of Representatives Speaker Nancy Pelosi later on Wednesday to discuss plans for lawmakers to vote on the agreement.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.