Trump maintains tariffs on Mexico and Canada
The Trump administration intends to maintain tariffs on imports from Mexico and Canada, despite beginning negotiations to amend the North American Free Trade Agreement, with the continuation of the tariffs linked to the size of the trade deficit, especially with Mexico. Origin rules are among the top issues on the agenda, and the negotiations are expected to focus on setting new terms for trade between the two countries, amid ongoing pressure on the automotive and steel industries within the region.
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