Sources: U.S., Mexico closing in on deal to address steel import ‘surge’

The U.S. and Mexico are nearing an agreement to address U.S. concerns that rising volumes of steel imports from Mexico are flooding the American market, two sources say. In 2019, the countries agreed to set up processes to monitor their steel and aluminum trade after the Trump administration said it would lift tariffs imposed on imports of the metals from Mexico. Since that agreement went effect, though, U.S. industry representatives and some key lawmakers say they have seen a sharp...