Biden administration to tax foreign-made steel and aluminum …
Jul 10, 2024 · The Biden administration is imposing tariffs on steel and aluminum shipped from Mexico that were made elsewhere. It’s an attempt to stop China from avoiding import taxes by routing goods through one of the United States’ closest trading partners.
Mexico, US announce new tariff policy on Mexico steel imports
Jul 11, 2024 · Under the new policy, steel product imports from Mexico will be subject to 25% tariffs under Section 232 of the U.S. Trade Expansion Act — unless the steel is documented to have been melted...
Biden Announces Tariffs on Chinese Metals Routed Through Mexico
Jul 10, 2024 · Mexican aluminum coming into the United States will face a tariff of 10 percent if it contains metal that has been smelted or cast in China, Belarus, Iran or Russia, said Lael Brainard, the...
US tightens tariffs on Mexican steel and aluminium imports - BBC
Jul 10, 2024 · The US has announced new rules targeting firms from China and other countries that are routing shipments of steel and aluminium through Mexico to try to evade tariffs. The White House said firms...
Biden Administration adjusts tariffs on Mexican steel imports - PwC
President Joe Biden announced that the United States will implement a “melt and pour” requirement for imports of steel articles that are products of Mexico.
US imposes adjustments to steel and aluminum imports from Mexico …
On 10 July 2024, the Biden Administration reached an agreement with Mexican President Manuel Lopez Obrador to implement additional trade measures to prevent the circumvention of current United States (US) punitive tariffs imposed on steel and aluminum imports under Section 232 of the Trade Expansion Act of 1962 (Section 232).
Mexico Tax and Tariff Increase 2024 - International Trade …
On April 22, 2024, the Mexican Government published a modification to the Tariff of the Law of General Import and Export Taxes. The Mexican government has established temporary import tariffs ranging from 5% to 50% for 544 HS codes.
US, Mexico move to thwart China circumvention of tariffs
Jul 10, 2024 · The U.S. and Mexico on Wednesday announced new steps to fight the circumvention of U.S. tariffs on steel and aluminum by China and other countries that ship products through Mexico,...
New section 232 tariffs on steel and aluminum products …
Jul 18, 2024 · Under the new policies, Mexican steel must be “melted and poured” in Canada, Mexico or the U.S. to avoid the 25% tariff. Further, Mexican aluminum imported to the U.S. will carry a 10% tariff if it contains any metal that was “cast or …
Mexico to reinstate temporary tariffs on steel imports in 2022
Nov 23, 2021 · Mexico announced the temporary reinstatement of 15% import tariffs on some types of steel to begin in the next year, aimed at boosting the industry after a slump brought on by the coronavirus...