On Monday, the US government said that imports of fabricated structural steels made in China and Mexico were hurting domestic producers and would ask the customs agency to collect cash deposits from steel importers.
Mexico stated in a statement that a US countervailing duty investigation on construction steel manufactured in Mexico was an “ordinary” anti-dumping investigation unrelated to the previous tariff threats of US President Donald Trump.
Mexico added that its Ministry of the Economy would defend the interests of the companies under investigation and had been actively participating in anti-subsidy proceedings since the beginning of 2019.
The preliminary determination of subsidies does not jeopardize the ratification of the new trade agreement with North America, said Mexico’s deputy foreign minister for the region, Jesus Seade, said on the social network Twitter That deal was designed to replace the North American Free Trade Agreement that governs more than $1.2 trillion of mutual trade.
The U.S. International Trade Commission said in March that imports of fabricated structural steel from Canada, China and Mexico were harming domestic producers.
Manufactured structural steel is used in major construction projects, such as bridges, buildings, parking lots and harbors. An industry occupational group filed a petition requesting the launch of the case.
In 2018, the United States imported $ 722.5 million worth of Canadian-made structural steel, $ 897.5 million in China, and $ 622.4 million in Mexico, according to the Department of Commerce.
The department is expected to make its final ruling on the imports around Nov. 19.
Your email address will not be published. Required fields are marked *