HOT WIRE: Trade Agreement & Tariff Talks Continue

04/04/2019 IEWC

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Trade Agreement & Tariff Talks Continue

The Trump administration is working to replace tariffs with new trade deals. As discussed in the November Hot Wire, the US came to terms with Mexico and Canada on an agreement: the USMCA. The US has yet to ratify this deal, and split control of Congress may make it challenging to do so, but the economic risks of moving forward without a deal should provide motivation for both Democrats and Republicans.

Tariffs on steel and aluminum imports into the US, which the USMCA does not remove, are one obstacle standing in the way of ratification. This has become a focus of recent negotiations between the US and its neighbors. The US is in favor of replacing tariffs with quotas, which would.... [read more]

Also in this Issue

 
  • Readers' Forum
  • UK’s Internal Discord Could Lead to Brexit Extension
  • Canada Industrial Production
  • ...and more!

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