You are here: Home > Steel News > Latest Steel News > US...

US Congressmen ask for 25 percent tariff on steel imported from Mexico

Wednesday, 18 September 2024 12:10:13 (GMT+3)   |   San Diego
       

US senators from both parties again asked the Joe Biden administration to reinstate the 25 percent Section 232 tariffs on Mexican steel to protect the national steel industry from illegal or tariff-free imports of Chinese steel shipped from Mexico.

“Imports of Mexican steel are now surging far in excess of historical levels of trade. Imports of Mexican steel conduit have soared to around 500 percent over the 2015-2017 baseline and may rise to 700 percent this year,” says the letter sent to Biden and signed by Senators Marco Rubio (R-Fla.), Sherrod Brown (D-Ohio), Mike Braun (R-Indiana) and Bob Casey (D-Pa.).

They recalled that in March 2018, the 25 percent tariff was applied to Mexican steel, under Section 232 of the Trade Expansion Act of 1962 to protect the industrial security of the United States. In 2019, Mexico and the United States reached an agreement to exempt the tariff and Mexico committed that in the event of a sudden increase, the tariff would be reimposed.

According to the congressmen, “communist China” is avoiding US tariffs by moving its production to Mexico, which benefits from the free trade agreement between the United States, Mexico and Canada (USMCA). Meanwhile, Mexico continues to increase its steel exports to the United States in contravention of the 2019 steel agreement.

“These trade abuses threaten American production” of steel, the letter says.


Similar articles

Mexico's finished steel consumption down 5.7 percent in September

11 Nov | Steel News

Wire rod consumption in Mexico down 1.7 percent in August

22 Oct | Steel News

Mexico's steel plate consumption down 33 percent in August

18 Oct | Steel News

Mexico's rebar consumption down 19 percent in August

15 Oct | Steel News

Mexico's HRC consumption down 15.3 percent in August

14 Oct | Steel News

Mexican CRC consumption up 9.7 percent in August

11 Oct | Steel News

Mexico's steel plate consumption down 31 percent in July

30 Sep | Steel News

Consumption and manufacturing of finished steel products in Mexico down 8 percent in July

23 Sep | Steel News

Chinese auto parts company Minth announces expansion in Mexico

18 Sep | Steel News

Steel production in Mexico plummeted 53 percent in July

17 Sep | Steel News