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

Former Mexican President Enrique Pena Nieto, President Trump, and Canadian Prime Minister Justin Trudeau at the G20 last year. Photo: Martin Bernetti/AFP/Getty Images

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

Why it matters: The move will make it easier for 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, which first reported news that a deal was reporting. There will not be any quotas or limits imposed on imports of the metals, it said.

Trump's confirmation:

Go deeper: Troubles ahead for Trump's NAFTA replacement