Trade USA, Mexico and Canada agreed to drop tariffs
USMEF President and CEO Dan Halstrom commented: „Restoring duty-free access to the Mexican and Canadian markets is a tremendous breakthrough for the U.S. red meat industry. USMEF thanks President Trump and Ambassador Robert Lighthizer for reaching an agreement with Mexico and Canada on steel and aluminum tariffs and in turn Mexico and Canada’s lifting of the retaliatory duties on U.S. red meat. This also removes a significant obstacle for the U.S.-Mexico-Canada Agreement (USMCA), and USMEF is hopeful that all three countries ratify USMCA as soon as possible.“
Consequently, Finance Minister Bill Morneau announced, Canada is lifting its retaliatory countermeasures against the US. These recent actions taken by Canada and the US will allow their closely linked economies to be more competitive around the world, creating good, well-paying jobs for our citizens, and improving our combined security.