The rollback of metal tariffs would likely result in Canada and Mexico lifting the retaliatory levies that they have placed on American businesses, easing some of the pressure of the president’s trade war. Canada and Mexico put taxes on a variety of American goods in return for Mr. Trump’s metal tariffs, but their tariffs on products like pork, cheese and milk have especially hurt American farmers who are already smarting from trade conflicts with China and Europe.
The agreement is also likely to help the administration focus on the other trade fights it is waging, most notably fractious negotiations with China, which nearly collapsed last week.
But it is unclear whether it will be enough to help secure passage of the new United States-Mexico-Canada Agreement in Congress. The United States, Canada and Mexico signed that trade deal, the successor to the North American Free Trade Agreement, in November. But the pact still needs to be ratified by legislatures in all three countries.
American lawmakers of both parties, as well as Canada and Mexico, had insisted that tariffs on steel and aluminum must be lifted before votes would be held. Lawmakers have argued that the tariffs, while aimed at other countries, are hurting American companies and consumers by raising prices for products that use imported steel and aluminum.
“As long as the tariffs are in place, ratification will be very, very problematic,” Chrystia Freeland, the Canadian foreign minister, said during a visit to Washington on Wednesday.