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Canada, Mexico, 9 Others to Sign Trade Pact as US Plans Tariffs

Canada, Mexico, 9 Others to Sign Trade Pact as US Plans Tariffs

Created: March 08, 2018 12:11 PM

SANTIAGO, Chile (AP) - Trade ministers from 11 Pacific Rim countries are set to sign a sweeping agreement to streamline trade and slash tariffs just as U.S. President Donald Trump is preparing to formalize new tariffs on aluminum and steel to protect U.S. producers.

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The deal to be signed Thursday in the Chilean capital is an outgrowth of the Trans-Pacific Partnership that Trump pulled the U.S. out of last year.

Many feared the agreement would not prosper without its most influential country. But the remaining 11 members pressed ahead, saying it shows resolve against protectionism.

The pact includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Copyright 2018 The Associated Press. All rights reserved.

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