USMCA Watch: Grassley Draws a Steel Rule for Ratification That May Break The Deal — Panjiva
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USMCA Watch: Grassley Draws a Steel Rule for Ratification That May Break The Deal

Canada 528 Materials - Metals/Mining 792 Metals - Aluminum 270 Metals - Steel 542 Mexico 928 Tariffs 1865 U.S. 5398 USMCA 462

Senator Chuck Grassley has indicated that ratification of the U.S.-Mexico-Canada Agreement through Congress “is dead” if section 232 duties on imports of steel and aluminum from Canada and Mexico are not removed. Grassley’s concern appears centered on the impact of retaliatory duties on agriculture. At the aggregate these have had little effect – agriculture exports to Canada and Mexico increased by 4.2% and 12.3% year over year in the three months to Feb. 28. Individual products including pork and sugar have suffered significantly yet. In the context of total USMCA trade though steel an...

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