In a move that construction contractors and heavy-equipment makers welcomed, the U.S., Canada and Mexico have agreed to put a quick end to the tariffs they have had in place for nearly a year on each other’s shipments of steel and aluminum.
Advocates of a Trump administration-negotiated U.S.-Mexico-Canada trade agreement (USMCA) hope that the tariff action, announced on May 17, will encourage Congress to approve that broader pact. But Senate Minority Leader Chuck Schumer (D-N.Y.) said that many other issues need to be settled before Democrats would back the USMCA.