US to end steel and aluminum tariffs with Canada and Mexico – WSJ

US Government is ending the steel and aluminum tariffs with Canada and Mexico. According to Wall Street Journal, the US Government have reached a deal with these countries on Friday.

Canada and Mexico government representatives have confirmed that the deal has been made although more information is coming in the next few days.

The US Government is working to get the US-Mexico-Canada Agreement (USMCA) passed. According to Canada, the both countries have agreed to terminate all pending litigation between them at the World Trade Organisation regarding the metals.

This USMCA was signed in November by the three countries, but it needs the ratification still.

 

Business Finance

Thyssenkrupp to make IPO of its elevator business

The German Thyssenkrupp (TKA) said on Friday that it will make an IPO of its elevator business. And also announced that the earlier plan to split the company to two parts to steel and elevators, will be dropped.

The company stock rose by 20,56 % to 13,65 euros in Frankfurt.

The company also mentioned that the joint venture with the India’s Tata Steel might end due to the blocking by the EU Commission.

Business Finance