Talks are underway in Mexico City to renew what’s known as the USMCA, the U.S. Mexico-Canada Agreement, and Iowa Senator Chuck Grassley says he strongly favors maintaining the important trade relationship with our neighbors.
On Monday, President Trump imposed a 50% tariff on a broad range of Canadian goods, including steel, aluminum, copper and lumber. Trump says the tariff is a response to Canada’s “unequal treatment” of American imports, including on dairy products and vehicles. During a conference call with Iowa reporters, Grassley was asked for his opinion about the new tariffs on Canada and the potential impact on farmers and the ag economy.
Grassley says the USMCA is vital and should be renewed “as is.”
The White House says the new tariffs on Canada will take effect in 30 days.
