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Mexico takes 'reciprocal measures' vs US

May 31, 2018 | 11:48 AM |

Tags  Section 232, steel, aluminum, tariffs, Ana Paula Camargo


SÃO PAULO — The Mexican government will take reciprocal measures against the United States following the imposition of Section 232 duties on steel and aluminium imports from the country, the economy secretariat said on Thursday May 31.

“In the face of the tariffs set by the US, Mexico will impose equivalent measures against various products, such as flat steel (hot-rolled and cold-rolled sheet, coated [goods] and several types of tubes),” it said.

Other non-steel goods will also be subject to the measures, including lamps, apples, grapes, blueberries and cheese.

The duties will be in force until the US government eliminates the tariffs, according to the secretariat.

Earlier on Thursday, US Commerce Secretary Wilbur Ross announced that the US will be imposing tariffs of 25% on steel and 10% on aluminium imports from Mexico, Canada and the European Union effective June 1.

Mexico has repeatedly stated that such measures under the national security criterion are neither adequate nor justified.

“Mexico reiterates its openness to constructive dialogue with the US, its support for the international trading system and its rejection of unilateral protectionist measures,” the secretariat said.

The US government had temporarily excluded Mexico-origin steel and aluminium from its Section 232 tariffs announced in March, while negotiations for the North American Free Trade Agreement treaty were in progress. 

Ana Paula Camargo
acamargo@metalbulletin.com



 

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