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Mexican President Downplays US Duties on Fabricated Structural Steel

Steel News - Published on Thu, 11 Jul 2019

Image Source: Reuters
Reuters reported that Mexico’s President Andres Manuel Lopez Obrador said that US duties on Mexican fabricated structural steel would not affect a new North American trade pact and had no relation to earlier tariff threats by US President Donald Trump. Mr Andres said that “These are isolated decisions adding that he would meet with cabinet members later in the day to discuss the matter.”

Trump threatened to impose escalating blanket duties on imports from Mexican last month but removed the threat after reaching a deal on migration. The United States lifted tariffs on steel and aluminum imports from Canada and Mexico in May imposed a year earlier in a national security investigation, in a deal hailed as removing a major obstacle to legislative approval for the United States-Mexico-Canada trade deal.

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Posted By : Ratan Singh on Thu, 11 Jul 2019
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