mo4ch:>US, Canada to lift tariffs on steel, aluminum & more, stop litigation in WTO – joint statement | Mo4ch News

The US and Canada have agreed to remove steel and aluminum tariffs and vowed to align against those, who sell “unfairly subsidized” metals at “dumped prices” as part of a new agreement between neighbors.The US will lift the 25 percent tariff on steel imports and 10 percent tariff on aluminum President Donald Trump imposed against Canada back in late May 2018 while Canada will, in turn, remove all retaliatory tariffs it levied against the American goods, the statement said, adding that all the tariffs will be gone in two days.The two nations also vowed to take measures to prevent the imports of steel and aluminum that is “unfairly subsidized” or “sold at dumped prices” as well as prevent the “transshipment of steel and aluminum” produced in third countries to one another. They also agreed to create a special monitoring mechanism to promptly detect import “surges.”The agreement also allows each side to impose a 25 percent tariff on steel and 10 percent tariff on aluminum if it faces a s…