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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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