Trade Cases
March 26, 2019
Mexico Renews 15% Tariff on Steel Imports
Written by Sandy Williams
Mexico has renewed the 15 percent tariff on imports of iron and steel products from countries with which it does not have a free-trade agreement. The tariffs cover 186 products and were originally introduced in 2015 to protect domestic producers from Asian imports. The newest renewal cites the “crisis facing the international steel market caused by the reduction in the growth of demand and global production overcapacity.”
Said a presidential decree issued March 25:
