The Mexican government is working on a plan to negotiate its exclusion from the US Section 232, a media report from El Universal said.
Mexico’s new economy secretariat (SE) chief, Graciela Marquez Colin, said the strategy to negotiate an exclusion from the US Section 232 could include “all instruments,” and “not only steel tariffs.”
Mexico has already indicated it may impose steel tariffs on US-produced steel.
Colin didn’t further describe SE’s strategy to get the exclusion, but she said all conversations would follow the “negotiation” path.
She said Mexico isn’t a threat to the US national security.
Alonso Ancira Elizondo, the president of AHMSA’s board, said recently the Mexican integrated steelmaker could lose jobs due to the US 232 Section.
He said the US tariffs have already impacted about 25 percent of AHMSA’s steel production.
AHMSA reportedly missed $200 million in revenues in Q3 due to the US tariffs over the Mexican steel.