Trump Today: Trump Today: President announces deal with Canada, Mexico to end steel and aluminum tariffs

President Donald Trump addresses the National Association of Realtors Legislative Meetings & Trade Expo May 17, 2019, in Washington.

President Donald Trump announced an agreement with Canada and Mexico to remove U.S. tariffs on steel and aluminum imports, as he again blasted reporting on his administration’s Iran policy.

TARIFFS COMING OFF

Speaking in Washington at a National Association of Realtors conference, Trump said the U.S. had “just reached an agreement with Canada and Mexico.”

The agreement to lift the 25% tariffs on steel and 10% tariffs on aluminum should help smooth the way forward for the new U.S.-Mexico-Canada Agreement, or USMCA. Canada will remove tariffs imposed in retaliation, according to a statement. A Mexican statement was expected later.

“That deal is going to be a fantastic deal for our country, and hopefully Congress will approve the USMCA quickly,” the president said. The USMCA is meant to replace the North American Free Trade Agreement. Sen. Chuck Grassley, the Iowa Republican who heads the Senate Finance Committee, warned last month that the USMCA was “dead” in Congress without a resolution of the tariff issue.

IRAN

A day after saying he hoped the U.S. wasn’t heading toward a war with Iran, Trump said the Iranians may be confused about what’s coming next.

In the wake of reports of infighting in his administration over confronting Tehran, Trump said on Twitter, “With all of the Fake and Made Up News out there, Iran can have no idea what is actually going on!”

Secretary of State Mike Pompeo will reportedly brief members of Congress on escalating tensions with Iran on Tuesday. Oil prices CLM9, -0.27%   settled lower Friday but gained for the week.

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