Mexico's Concamin wants end to US steel tariffs before USMCA is signed

Concamin, the Mexican Industrial Chambers Confederation, is urging the country’s authorities to negotiate an end to the United States’ use of Section 232 import tariffs before signing the US-Mexico-Canada Agreement (USMCA), according to a letter published on Wednesday November 14.

Import tariffs applied by the US to Mexican steel were not discussed during the negotiations on the new agreement, according to Concamin. The confederation claimed that while US President Donald Trump’s administration increased its country’s tariffs, US steel faces no restrictions when entering Mexico. Fastmarkets’ daily price index for US domestic hot-rolled steel sheet was $805.80 per short ton fob mill on November 14, up from $803.40 per short ton fob the day before. Prices have...

Published

Renato Rostás

November 15, 2018

14:20 GMT

São Paulo