TRUMP’S STEEL AND ALUMINIUM DUTY THREATS COULD UNDERMINE KEY NAFTA TALKS
March 1st, 2018
PRESIDENT Donald Trump today (March 5) signalled to Canada and Mexico that he would use his planned imposition of import tariffs of 25% on steel and 10% on aluminium as a bargaining chip to wring concessions in the ongoing North American Free Trade Agreement (NAFTA) renegotiation.
In a Tweet, written in the President’s customary direct and grammatically unorthodox style, he said: “We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies & jobs. ...
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