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