US EditionMexico Close to Striking a Deal on US Steel Tariffs, Bloomberg Reports
MEXICO, JUN 25 – A proposed tariff-free quota would cover about 88% of Mexico's steel exports to the US, easing the impact of recent 50% tariffs imposed by Washington.
- Mexico may receive relief from the United States' 50% tariffs on steel imports, based on a quota system, as reported by Bloomberg.
- Trade talks between the United States and Mexico focus on a tariff-free steel quota of 2.79 million metric tonnes per year.
- Economy Minister Marcelo Ebrard stated that the two countries are 'very close' to an agreement on tariffs after presenting arguments to U.S. officials.
- President Claudia Sheinbaum criticized the tariffs as 'unjust' because Mexico imports more steel and aluminum from the U.S. than it exports.
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The Independent
Reynolds: Port Talbot plant does not meet US rules to get steel tariff exemption
Negotiations are ongoing to secure the outstanding tariff agreements.
Mexico close to striking a deal on US steel tariffs, Bloomberg reports
Mexico could get a reprieve from the United States’ 50% tariffs on steel imports, but only on exports up to a certain limit, according to the Bloomberg news agency. The United States imposed 25% tariffs on all steel and aluminum imports in March, and doubled the rate to 50% this month. Bloomberg reported on Tuesday that trade negotiations between the United States and Mexico are “homing in on a possible quota system to reduce tariffs on a certai…
Mexico and the United States are close to reaching an agreement on tariffs on steel and aluminium, said Marcelo Ebrard Casaubón, head of the Ministry of Economy (SE), who, however, acknowledged that in recent days negotiations have been delayed as a result of geopolitical tensions between Iran and Israel.
Mexico assures that internal and external conflicts of the United States paused negotiations on tariffs on steel and aluminium
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