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  • Mexico, Brazil and Argentina express concerns about US tariff on steel

    Governments and steel industry organizations in Mexico, Brazil and Argentina are expressin

    g concerns to US President Donald Trump's announcement of tariffs of 25% on steel imports 

    from all other countries. 


    Trump did not provide details Thursday about whether the 25% tariff will have exclusions for 

    certain countries or products. 


    MEXICO: STEEL ASSOCIATION CANACERO CALLS FOR 'RECIPROCAL MEASURES' 

    "Canacero  expects  immediate  reciprocal measures from our government if our country is 

    included in the [Section 232] measures," the association said. According to the association, 

    Mexico imported  $4.4  billion  of steel from the US last year and exported $2.6 billion to its 

    northern neighbor. The US recorded a steel trade surplus of $3.6 billion with Mexico in the 

    past two years. 


    "The steel industry hopes Mexico will be excluded ... in order to avoid a trade war that would 

    affect supply chains in both countries," it said. 


    The association also demanded measures to stop a "potential wave of unfair imports," which 

    could be diverted from the US to Mexico after the US implements any import measures. 


    Canacero believes a tariff on Mexican steel would be a violation of the North American Free 

    Trade Agreement (NAFTA) "just when negotiations are taking place," it added. 


    BRAZIL: RETALIATORY ACTIONS NOT RULED OUT 

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