Biden administration to tax foreign-made steel and aluminum imports routed through Mexico

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The tariffs are an attempt to stop China from avoiding import taxes by routing goods through one of the United States’ closest trading partners

President Joe Biden delivers remarks on the 75th anniversary of NATO at the Andrew W. Mellon Auditorium, Tuesday, July 9, 2024, in Washington. The Biden administration is imposing tariffs on steel and aluminum shipped from Mexico that were made elsewhere. It’s an attempt to stop China from avoiding import taxes by routing goods through one of the United States’ closest trading partners.

“The president is taking action to close loopholes left by his predecessor that allowed China to circumvent trade rules,” she said. Administration officials said the U.S. imported 3.8 million tons of steel last year from Mexico, with 13% of that having been poured or melted outside that country. Similarly, the U.S. imported 105,000 metric tons of aluminum from Mexico and only 6% was smelted or cast outside that country.

 

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Biden admin to tax foreign-made steel and aluminum imports routed through MexicoThe Biden administration is imposing tariffs on steel and aluminum shipped from Mexico that were made elsewhere -- an attempt to stop China from avoiding import taxes by routing goods through one of the United States' closest trading partners.
Source: WashTimes - 🏆 235. / 63 Read more »