NEWS

Mexico extends 15 percent steel tariff for non-free trade partner countries

Friday, Apr 07, 2017

Mexico has extended until October a 15 percent tariff on 97 separate steel products imported from countries with which it does not share a free trade agreement, including China, the official government gazette said on Thursday.

The tariff was first raised in 2015 to protect local producers, but has since been extended three times. Mexico's Economy Ministry said in the gazette that a continued global steel glut had necessitated extension of the tariff.

Local steel industry representatives had asked for the tariff to be extended to protect against cheap Chinese imports.

 

Source:reuters.com

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