US Department of Commerce issued a statement announcing the imposition of additional tariffs on Mexican steel products

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 US Department of Commerce issued a statement announcing the imposition of additional tariffs on Mexican steel products


Global Network reported that the U.S. Department of Commerce issued a statement on the same day announcing that it would impose tariffs on Mexican steel products in order to punish them for supporting the countrys manufacturers in an unfair way, the Associated Press reported Wednesday.

Screenshots of Associated Press reports

According to the Associated Press, the U.S. Department of Commerce made the decision to impose tariffs after a survey. According to a statement issued by the Ministry of Commerce, in response to an application filed by the American Institute of Steel Structures (AISC) on February 4, 2019, the U.S. Department of Commerce announced on February 26 a countervailing investigation into prefabricated steel structures imported from Canada and Mexico.

Reported that the U.S. Department of Commerce eventually believed that Canada can exempt from tariffs, but Mexicos prefabricated steel structures to the United States need to be imposed tariffs.

In addition, the U.S. Department of Commerce said that the decision was preliminary, but tariffs came into effect immediately.

According to reports, Mexicos Ministry of Economy said that the decision had nothing to do with the previous threat of the United States imposing tariffs on Mexican steel and aluminium products on May 20, and with Trumps abolition of all taxes on Mexican imports to the United States.

According to media reports, on May 17 this year, the Office of the United States Trade Representative issued a statement announcing the abolition of tariffs on steel and aluminium imported from Canada and Mexico, as well as the abolition of retaliatory tariffs on American goods. On May 30, President Trump announced that he would impose a 5% tariff on all Mexican imports to the United States from June 10 to compel Mexico to deal with illegal immigration through the US-Mexico border. On June 7, Trump said that the United States and Mexico had reached an agreement on illegal immigration along the border and that the plan to impose tariffs on Mexico had been suspended indefinitely.

Source: Global Network Responsible Editor: Gu Yunting_NBJS8499