Canadian Shipper


March 23, 2018

U.S. sets May 1 tariff threat on Canada, Mexico amid rush to get quick NAFTA

Washington, DC —The United States has just applied some deadline pressure, amid its hurry to get a new NAFTA agreement over the next few weeks. The threat of steel and aluminum tariffs is back on. While Canada and Mexico originally received an indefinite exemption from the tariffs, a new presidential order adds numerous countries to the exemption list, along with a May 1 expiry date for all exemptions. After that, tariffs could go into effect for all countries, including Canada and Mexico. That also happens to be around the deadline date for a new NAFTA in 2018: Beyond May, any agreement would likely not have enough time to pass a ratification vote before there’s a new Mexican president and new U.S. Congress in 2019. The