1 day ago · The steel and aluminum tariffs would hit U.S. allies. Canada is the No. 1 supplier of foreign steel and aluminum to the United States. Mexico is the No. 3 steel supplier, and Japan and South Korea are also major steel exporters to the U.S. China is widely seen as source of the world steel industry’s problems.

21 hours ago · Donald Trump’s latest move in the global tariff war deals an unprecedented blow to the USMCA, the treaty in force since 2020 that regulates trade relations between the United States, Mexico and Canada. The imposition of a 25% tax on all steel and aluminum imports announced on Monday — a measure welcomed by American manufacturers who oppose …

19 hours ago · The 25% tariff on steel and aluminum imports from Mexico imposed by U.S. President Donald Trump "is not justified" because the U.S. runs a steel and aluminum trade surplus with Mexico, Mexican ...

17 hours ago · When Mr. Trump imposed tariffs in his first term — 25 percent on steel and 10 percent on aluminum — Mexico retaliated with countertariffs on key American products, including pork, apples ...

Jul 11, 2024 · Under the new policy, steel product imports from Mexico will be subject to 25% tariffs under Section 232 of the U.S. Trade Expansion Act — unless the steel is documented to have been melted...

Jul 17, 2024 · Effective January 1, 2022, the Section 232 duties on imports from the EU of steel and aluminum were removed and replaced with a Tariff Rate Quota in line with historical levels of trade. The first July 10 proclamation closes a loophole in the Section 232 exemption for Mexico.

On April 22, 2024, the Mexican Government published a modification to the Tariff of the Law of General Import and Export Taxes. The Mexican government has established temporary import tariffs ranging from 5% to 50% for 544 HS codes.

Jul 10, 2024 · The Biden administration is imposing tariffs on steel and aluminum shipped from Mexico that were made elsewhere. It’s an attempt to stop China from avoiding import taxes by routing goods through one of the United States’ closest trading partners.

On 10 July 2024, the Biden Administration reached an agreement with Mexican President Manuel Lopez Obrador to implement additional trade measures to prevent the circumvention of current United States (US) punitive tariffs imposed on steel and aluminum imports under Section 232 of the Trade Expansion Act of 1962 (Section 232).

On July 10, 2024, United States President Joseph R. Biden issued two separate proclamations that narrow the exclusions from tariffs imposed under Section 232 of the Trade Expansion Act of 1962 ("Section 232") for certain steel and aluminum articles imported from Mexico.