Wednesday, November 6, 2024

Logo Central America Link

US tariffs to cost Mexican steel industry $2 billion a year

Friday, June 1, 2018


US tariffs will cost Mexico’s steel industry $2 billion a year and disruptions to the world industry brought about by the US trade measures could lay Mexico open to dumping, Mexico’s national steel industry chamber, Canacero, said.

“In general numbers, the tariffs established by the US represent for the Mexican steel sector an impact of $2 billion,” Canacero said.

Source: Financial Times