Mnuchin: Deal close to scrap Mexico, Canada steel tariffs

Mnuchin: Deal close to scrap Mexico, Canada steel tariffs
© Greg Nash
 
“I think we are close to an understanding with Mexico and Canada,” Mnuchin said in testimony to the Senate Appropriations subcommittee on financial services. 
 
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The administration is facing pressure to lift tariffs on the two countries from Republicans in Congress. 
 
Senate Finance Committee Chairman Chuck GrassleyCharles (Chuck) Ernest GrassleyOvernight Health Care: Top health official defends contract payments to Trump allies | Vaping advocates confident Trump will turn from flavor ban | Sanders gets endorsement from nurses union McConnell, GOP leaders say they won't be watching House impeachment hearing Poll: 1 in 5 US adults report trouble affording prescription drugs MORE (R-Iowa) threatened last month to block passage of the United States-Mexico-Canada Agreement, a trade pact intended to replace the North American Free Trade Agreement (NAFTA) with Mexico and Canada, unless the administration lifts the steel and aluminum tariffs.
 
Grassley's panel has jurisdiction on trade issues. 
 
Trump imposed the steel and aluminum tariffs against a slew of trading partners last year, including Canada, Mexico and the European Union. Those countries have hit the U.S. with retaliatory tariffs.
 
Even after Trump struck a deal with Canada and Mexico to update NAFTA, the tariffs on steel and aluminum from those countries were kept in place.
 
 
Lifting tariffs on South Korea, however, had not been a central topic of discussion, he said.