The Canadian government has lifted retaliatory tariffs on U.S. steel and aluminumThe counter-tariffs have raised about $1.27-billion since last July, the federal government said, and all of it will go to the Canadian steel and aluminum industry. Prime Minister Justin Trudeau had promised $2-billion last summer to support the industry, and last week said the financial assistance will still be there.
Canada and Mexico said they would cancel their retaliatory levies and all World Trade Organization litigation related to the nearly year-long trade war will end. Mr. Trump imposed the tariffs of 25 per cent on steel and 10 per cent on aluminum on June 1 of last year.
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