The U.S. announced a 30-day pause on tariff threats against Canada and Mexico, walking back President Donald Trump's promise to impose 25% tariffs on America's two largest trading partners.
In response to the pause, Portland Cement Association (PCA) President and CEO Mike Ireland warned that 25% tariffs on Canadian and Mexican cement could harm energy and national security, delay infrastructure projects and raise costs.
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"The availability of affordable cement and concrete is vital to meet our country’s infrastructure needs and for the oil and gas sector’s expansion," Ireland said. "Mexico and Canada play a crucial role in stabilizing U.S. supply, so we appreciate that the administration is open to negotiations and taking a flexible approach to implementing trade policy."
According to PCA, Canada and Mexico account for 27% of U.S. cement imports and approximately 7% of U.S. cement consumption.
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