Trade
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Mexico removed retaliatory duties on US Pork and Canada eliminated the tariff on prepared beef items.
USA, Washington. The Mexican government published the official notice removing Mexico’s retaliatory duties on US pork, and Canada’s Department of Finance announced that Canada will immediately eliminate the 10% tariff Canada imposed on prepared beef items imported from the United States.
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.
Source: USMEF