US Lifts Metal Tariffs from Canada, Mexico; Industry Groups Respond

Window & Door
May 20, 2019
Government

President Donald Trump's administration reached a deal that will lift tariffs on steel and aluminum imports from Canada and Mexico, reports NPR. This marks the end of nearly a year of 25 percent and 10 percent tariffs for steel and aluminum, respectively, that the U.S. imposed on imports from Canada and Mexico. Retaliatory tariffs from Canada and Mexico have been in effect for almost the same amount of time, according to NPR.

Trump also called on Congress to ratify the USMCA to make the economy "even more successful than it already is."

“WDMA applauds the Administration for reaching a deal that will lift the steel and aluminum tariffs on Canada and Mexico, our key regional trading partners,” says Michael O’Brien, Window and Door Manufacturers Association president and CEO. “WDMA has been urging the Commerce Department to consider the effects of these tariffs on the residential and commercial construction markets, along with the broader effects on North American trade. We are pleased that they will lift these tariffs and with this hurdle cleared, ask that Congress quickly act on approving the U.S-Mexico-Canada Agreement as this agreement will ensure healthy and lasting relationships in the region.”

"NAHB commends President Trump for removing tariffs on steel and aluminum imports from Canada and Mexico," says Greg Ugalde, chairman of the National Association of Home Builders. "This will provide momentum for Congress to ratify the United States-Mexico-Canada Agreement, which holds the potential to lift the housing economy.