Mnuchin Says U.S. Close to Resolving Steel Tariffs With Mexico and Canada — 2nd Update

Treasury Secretary Steven Mnuchin said U.S. negotiators are likely to travel to Beijing soon to continue negotiations with China and signaled that trade disputes with two other trading partners are close to being resolved.

Testifying before a Senate Appropriations subcommittee Wednesday in Washington, Mr. Mnuchin said the administration is making progress in resolving steel and aluminum tariffs that were applied to Canada and Mexico.

The tariffs weren’t resolved during negotiations over a new trade agreement between the three countries that resulted in the U.S.-Mexico-Canada Agreement. Key lawmakers have signaled they will not vote for the USMCA trade agreement unless the steel and aluminum tariffs against Canada and Mexico are removed.

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