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US tightens tariffs on Mexican steel and aluminum imports

  • The US has announced new rules targeting firms from China and others routing steel and aluminum shipments through Mexico to evade tariffs.
  • The tariffs impose a 25% tax on steel and a 10% tax on aluminum imports, sparking global trade battles.
  • Companies must prove steel is melted in North America and aluminum isn't smelted in China or other listed countries under the new rules.
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The United States Government escalates its trade war with China with the support of the Mexican Government. The Biden Administration announced new measures on Wednesday to combat the avoidance of U.S. tariffs on Chinese steel and aluminum, which use Mexico as a gateway to U.S. territory. Under the TMEC framework, the White House has ordered that imports of steel that has not been melted or poured in Mexico, the United States or Canada will have …

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americanrecycler.com broke the news in on Tuesday, July 2, 2024.
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