Mexico to start WTO process vs US over 232
Jun 05, 2018 | 08:25 AM
São Paulo |
The Mexican government will launch a dispute settlement process against the United States at the World Trade Organization (WTO) regarding tariffs imposed on shipments of steel and aluminium from Mexico to its North American neighbor.
"The Mexican government highlights that its actions will continue to comply with international trade laws and will be proportional to the damages received by Mexico," the country's economic secretariat said on Monday June 4.
Mexico had said that it would take reciprocal measures against the US due to the imposition of duties following the Section 232 investigation against alleged national security issues on steel and aluminium imports.
The US decided to impose a 25% tariff on steel imports and 10% on aluminium imports from Canada, Mexico and the European Union starting June 1.
The US tariffs violate the General Agreement on Tariffs and Trade and the WTO's agreement on safeguards, according to Mexico’s economic secretariat.