Two weeks ago, the United States announced that in an agreement with Mexico a 25 percent tariff would be applied to Mexico's steel exports with steel melted and poured outside the USMCA region. A day later, the Mexican president said that he agreed with the White House to exempt Brazil from the tariff. However, Washington and the Ministry of Economy remain silent about the exclusion of the South American country.
"Mexico touts Brazilian carveout in steel deal with U.S.; Washington is silent," published the influential digital media outlet Inside US Trade, specialized in international trade, owned by Inside Washington Publishers.
On July 11, the President of the Republic said in a press conference that to accept the United States proposal to apply the 25 percent tariff to steel melted and poured outside the USMCA region, one of the conditions was that Brazil would have special treatment in the case of the import of steel from Brazil to Mexico and that the steel (exported to the United States) could have components that originated in Brazil.
"Washington has not confirmed a carveout – and sources tell Inside U.S. Trade none has been agreed to," the publication stated.
Mexican authorities reached by SteelOrbis regarding the issue have not provided any responses.