Mexico announced this Thursday rate almost 80% on some imports from steelfollowing criticism from local manufacturers that Chinese steelmakers were stifling their production.
Countervailing duties apply to some Vietnamese exports of cold-rolled steel sheets, although if the groups can prove that the goods originate from a country other than China, exempt from tariffThis is stated in a document from the Ministry of Economy published in the Official Gazette of Mexico.
Vietnamese steel company Hoa Phat will be subject to a duty of 11.64%. Posco Vietnam faces 25.64% tariffalthough they are also subject to the country of origin exemption.
In recent years, several countries have expressed concern about Chinese steel producers. They sell their surplus abroad at below market prices.a practice known as dumping, and some try to circumvent anti-dumping measures by shipping the steel to other countries first.
You might be interested > The government introduces new temporary tariffs on 392 goods
In August, Mexico introduced a 25% tariff to import certain types of steel from countries with which it does not have a free trade agreement, including China.
The document announcing the tariff was published this Thursday state anti-dumping investigation terminated opened at the request of the local division of the Ternium steel mill almost two years ago. The company declined a request for comment.
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
