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Mexico Expects U.S. To Begin Lifting Tariffs With Trade Deal Signing: McClatchy

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WASHINGTON (Reuters) - Mexico expects Washington to begin lifting steel and aluminum tariffs against it later this month, when Canada, Mexico and the United States are slated to sign a revamped trade deal, the Mexican ambassador to the United States told McClatchy on Monday.

“It’s the expectation that by the time of the signing either a solution or a very clear track that gives enough certainty that a solution is coming,” Geronimo Gutierrez said in an interview with the news agency.

It was not immediately clear whether tariffs against Canada would also be lifted. A representative for the U.S. Trade Representative’s office did not immediately respond to a request for comment.

The Trump administration imposed tariffs on metal imports from Canada and Mexico in June, citing national security reasons. Canada and Mexico retaliated with their own tariffs on numerous U.S. goods.

After more than a year of negotiations to revamp the North American Free Trade Agreement, the three countries are expected to sign the deal on Nov. 30 at the Group of 20 summit in Argentina.

Legislators from the three countries still need to approve the pact before the United States-Mexico-Canada Agreement goes into effect.

Reporting by Makini Brice; Editing by Eric Beech and Peter Cooney

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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