Trump considering tariff exemptions for Canada, Mexico

(Worthy News) – The White House opened the door Wednesday to exempting Canada and Mexico from the proposed tariffs on steel and aluminum, the first pullback from a plan that critics say will spark a trade war.

Much of the pressure to carve out Canada from President Trump’s big tariffs came from within the U.S. steel industry, which shares ownership in steel mills across the Great White North and reaps hefty profits from cross-border trade.

A tariff exemption for Canada, Mexico and possibly other countries could help tamp down fears about a trade war, but it definitely promises to further boost profits for U.S. steel companies, analysts say. [ Source: Washington Times (Read More…) ]