Mexico opposes the proposal of steel and aluminium quota put forward by the United States



Mexico City, March 26 (Reuters) – Mexico said on Monday it was firmly opposed to a proposed U.S. steel and aluminum quota and renewed its call for the United States to lift a 232 tariff on Mexican imports.

 Mexico’s deputy economy minister, Luz Maria DE la Mora, told reporters that the Mexican government’s position had not changed, that the steel and aluminum tariffs imposed by the United States under section 232 were not justified.

 The United States is proposing to eliminate tariffs on steel and aluminum and introduce quotas, De la Mora said.

 “Quotas are meaningless. They are a way of managing trade…What north American industry needs is the elimination of steel and aluminum tariffs, not trade regulations.

 President Donald trump imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports last June, prompting Mexico and other trading partners to push back.Mexico has long argued that the tariffs would hurt business in North America and should be scrapped.

 U.S. trade representative Robert lighthizer said March 12 that the United States is working on a plan that would both eliminate steel and aluminum tariffs on Mexico and Canada and guarantee domestic producers the gains they have made so far.

 A proposal to eliminate steel and aluminum tariffs on Canada and Mexico was part of the negotiating process for a new version of nafta, but the plan was ultimately ruled out of the new agreement.

Post time: Mar-29-2019
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