"The United States and Canada agree to eliminate, no later than two days from the issuance of this statement: All tariffs the United States imposed under Section 232 on imports of aluminium and steel products from Canada; and all tariffs Canada imposed in retaliation for the Section 232 action taken by the United States," the official statement said.
The United States had imposed 25 per cent tariffs on steel imports and 10 per cent on aluminium imports in March. Citing national security risks, US President Donald Trump told Canada and Mexico to ban Chinese steel from entering the US using their territory.
This comes as the solution to the trade dispute between the United States and China seems farther away, due to the fresh tariffs imposed by the US on Chinese imports amounting to a whopping USD 200 billion. Trump cited China backing out of the deal at the last moment as the reason behind the decision.
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