President Donald Trump tweeted Monday morning that tariffs on steel and aluminum will get rolled back only if a “new & fair NAFTA agreement is signed.”
We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies & jobs. Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed. Also, Canada must..
— Donald J. Trump (@realDonaldTrump) March 5, 2018
…treat our farmers much better. Highly restrictive. Mexico must do much more on stopping drugs from pouring into the U.S. They have not done what needs to be done. Millions of people addicted and dying.
— Donald J. Trump (@realDonaldTrump) March 5, 2018
Trump’s administration announced Thursday it is planning on imposing a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports. The administration will roll out more details in the this week.
The president says his reasoning for imposing tariffs on steel and aluminum is to protect and revitalize the American steel and aluminum sectors.
Trump also threw a few caveats down Monday, claiming that Canada must treat American farmers better and Mexico must stop funneling drugs into the U.S.
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