NAHB commends metal tariff lift for Canada, Mexico
President Donald Trump has agreed to lift tariffs on metal imports from Canada and Mexico, cooling down a portion of the global trade battle.
In response to the move made by Trump on May 17, Canada and Mexico will remove their own taxes on cheese, milk, and pork imported from the United States.
The removal of the tariffs on aluminum and steel is also a key for approval of the US-Mexico-Canada Agreement (USMCA) trade deal signed in 2018. That deal replaced the North American Free Trade Agreement.
The National Association of Home Builders (NAHB) is full agreement with Trump’s decision and issued the following statement from Chairman Greg Ugalde:
“NAHB commends President Trump for removing tariffs on steel and aluminum imports from Canada and Mexico. This will provide momentum for Congress to ratify the United States-Mexico-Canada Agreement (USMCA), which holds the potential to lift the housing economy.
“Now that the White House has achieved substantial progress in advancing the USMCA, we urge the administration to focus its efforts on resolving the softwood lumber trade dispute with Canada. Tariffs averaging more than 20% on Canadian softwood lumber shipments into the U.S. are exacerbating price volatility and needlessly driving up housing costs. A prompt resolution to this ongoing trade conflict with our neighbor to the north will help to ease ongoing housing affordability concerns.”
In response to the move made by Trump on May 17, Canada and Mexico will remove their own taxes on cheese, milk, and pork imported from the United States.
The removal of the tariffs on aluminum and steel is also a key for approval of the US-Mexico-Canada Agreement (USMCA) trade deal signed in 2018. That deal replaced the North American Free Trade Agreement.
The National Association of Home Builders (NAHB) is full agreement with Trump’s decision and issued the following statement from Chairman Greg Ugalde:
“NAHB commends President Trump for removing tariffs on steel and aluminum imports from Canada and Mexico. This will provide momentum for Congress to ratify the United States-Mexico-Canada Agreement (USMCA), which holds the potential to lift the housing economy.
“Now that the White House has achieved substantial progress in advancing the USMCA, we urge the administration to focus its efforts on resolving the softwood lumber trade dispute with Canada. Tariffs averaging more than 20% on Canadian softwood lumber shipments into the U.S. are exacerbating price volatility and needlessly driving up housing costs. A prompt resolution to this ongoing trade conflict with our neighbor to the north will help to ease ongoing housing affordability concerns.”