(Bill Thomson – AgriPulse)
President Donald Trump’s plan to slap steep tariffs on steel and aluminum imports isn’t just a way to prop up domestic producers – it’s also leverage he’s planning to use to get Canada and Mexico to agree to U.S. demands in the ongoing negotiations to rewrite the North American Free Trade Agreement.
Trump today signed the order to levy a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports, but he promised they would not apply to Canada or Mexico if a new NAFTA was agreed to.
“We’ve got a lot of flexibility built into the tariffs,” Ag Secretary Sonny Perdue said after a meeting this morning in the White House. “We’re going to use this to get NAFTA done.” Click here to read more.