Mexico suspends US’ preferred exporter status, imposes 25 percent tariff

Tuesday, 05 June 2018 00:18:27 (GMT+3)   |   Sao Paulo
       

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.


Most Recent Related Articles

Mexican production and auto sales decline in May

Despite pandemic, Minera Autlan sees profit spike in Q1

Spain approves extradition of AHMSA’s former board president

AHMSA to pay several suppliers after defaulting

Mexican industrial output declines in March