SMM7, 15 March: the World Trade Organization (WTO) announced last week that proceedings over tariff No. 232 between the governments of the United States, Mexico and Canada had been concluded.
The move comes after the United States announced in May that it would stop imposing tariffs on aluminum and steel imports from Mexico and Canada.
Thirteen months ago, the Trump administration imposed a 10 per cent tariff on all imports of aluminium from the US and a 25 per cent tariff on steel products. Canada was only initially granted temporary exemption, but like Mexico, it was not granted permanent tariff exemption, so the move triggered retaliatory tariffs on both sides of Canada and Mexico, and then applied to the World Trade Organization to resolve the trade dispute.
At present, although Canada and Mexico no longer take action against the United States at the World Trade Organization, the actions of the European Union continue because the United States will continue to impose tariffs on aluminum and steel imported from the European Union in accordance with item 232.
"Click to enter the registration page
Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business