Despite having the endorsement of the World Trade Organization (WTO) to apply anti-dumping (AD) duties of up to 34.3 percent on Chinese steel, the Latin American country has been avoiding to increase the imports tariffs it applies on the product that comes from Asia.
According to a local newspaper, the reason Mexico has been avoiding such a move has to do with the “pressure” it suffers from local companies, which need to import the steel at lower prices.
Local newspaper Milenio said Mexico has one of the world’s lowest tariffs for Chinese steel imports, which is 2.7 percent. However, the nation could “unilaterally” increase the duties until it reaches the limits proposed by the WTO, without breaking the rules of the world trade, the paper said.