U.S. lifts steel and aluminum tariffs on Canada and Mexico

Trump confirmed in a Sunday tweet that the U.S. would lift steel and aluminum tariffs on Canada and Mexico starting Monday.

Why it matters: The move will make it easier for the USMCA, NAFTA's replacement trade deal, to be approved by the three nations. The tariffs would be replaced by stronger enforcement measures, according to Bloomberg. There will not be any quotas or limits imposed on imports of the metals, it said.