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U.S. lauds Mexico for new tariffs on steel from third countries

August 18, 2023 at 4:22 PM
New tariffs imposed by Mexico on steel from economies that do not have a free trade agreement with the country will help address “non-market” overcapacity in the sector, the Office of the U.S. Trade Representative said on Friday. “The United States welcomes Mexico’s efforts to address global non-market excess capacity in the steel sector,” USTR spokesperson Sam Michel said in a statement. Mexico earlier this week announced it would impose temporary tariffs of up to 25 percent on steel and...

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