Mexico’s economy secretariat, SE, has suspended on Tuesday the US’ “preferred exporter” status, following the announcement by the US of a 25 percent import tariff on steel imports from several countries, including Mexico.
Mexico’s announcement also imposes an import tariff of 25 percent on several US steel products, while raising trade tensions as the country tries to renegotiate the NAFTA agreement.
The 25 percent import tariffs cover, but are not limited to: US steel plates of thickness greater than 10mm, under the SHT-80, SHT-110, AR-400, SMM-400 and A-516 grades; steel plates of the A-36 grade with thickness greater than 70mm; with a carbon content superior to 0.4 percent in weight; L and H sections; T finished or hot extruded sections; L or T sections with a boron content superior to 0.0008 percent or with a thickness greater than 10mm; drill pipe; galvanized steel; plate in coils with a thickness greater than 4.75mm; CRC; rebar; and other products.
The tariffs are effective as of June 5.