Reuters reported that country’s steel industry association CANACERO said
that Mexico should seek exclusion from US tariffs on steel imports
before closing the renegotiation of the North American Free Trade
Agreement (NAFTA). CANACERO said “It’s difficult to understand how
Mexico could accept updating NAFTA without resolving the problems
created by the application of the measure under Section 232. Mexico
should impose equivalent measures against US steel imports in the
meantime in order to level the playing field. It is imperative that the
Mexican government defend its national industry and request the
exclusion of Mexico from the 232 measure before closing the negotiation
between the three countries.”
Citing national security concerns, US President Donald Trump slapped
tariffs on steel and aluminium at the end of May after a so-called
Section 232 investigation, prompting retaliation from trade partners
including Mexico and Canada. Mexico and Canada countered the move with a
string of tit-for-tat measures on US products like pork, ketchup and
bourbon.
Source : Reuters