Tariffs imposed on Chinese steel being shipped through Mexico
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In 2023, the U.S. imported almost $3 billion worth of steel, aluminum and other metals from Mexico through the port of entry in Laredo, Texas.
Authorities in the United States and Mexico announced measures Wednesday aimed at curbing imports of metals from China and other countries that ship products through Mexico to circumvent tariffs.
The new tariffs on steel are meant to address the evasion of tariffs by China, the largest producer of steel in the world. The aluminum taxes would also hit production based in China, Belarus, Iran and Russia.
The White House said that under a new policy implemented by President Joe Biden and Mexican President Andres Manuel Lopez Obrador, steel and aluminum products imported from Mexico will be subject to 25% U.S. “Section 232” tariffs unless the steel is documented to have been melted and poured in Mexico, the U.S. or Canada.
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