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  The Mexican government will impose a steel and aluminum tariff on the United States-week 48 News  
 

Sunday, Dec 2, 2018

The Mexican government will impose a steel and aluminum tariff on the United States

According to a senior official of the Mexican Iron and Steel Association Canacero, if the United States continues to impose tariffs on Mexican imports, the next Mexican government will also impose a steel-aluminum tariff on the United States.Raul Gutierrez, vice president of the Mexican Iron and Steel Association, said on Monday: “The government has agreed to take measures to deal with US steel and aluminum tariffs.”Gutierrez said that the new government that will be in power since December 1 has promised that if the Trump administration does not cancel 232 tariffs, or does not give Mexico a quota for steel and aluminum imports, and the quota exceeds the current Mexican export level to the United States, Mexico will implement Countermeasure.From January to September, Mexico exported 2.61 million tons of steel and aluminum products to the United States, an increase of 7.4% over the same period last year. According to data from the US Department of Commerce and the US International Trade Commission, in 2017, Mexico exported 3.15 million tons of steel to the United States.On May 5, Mexico, the United States and Canada will sign the US-Mexico-Canada Agreement (USMCA), but steel and aluminum tariffs are outside the scope of this agreement.

 

Brief Analysis of China’s Aluminum Alloy Wheel Exports in October 2018

In October 2018, the export value of China’s automobile aluminum alloy wheels was 417 million US dollars, an increase of 18.8% year-on-year, and the export weight was 89,300 tons, an increase of 18.3%. The export price is 4.67 US dollars / kg. From January to October 2018, the export value of China’s automobile aluminum alloy wheels was 3.935 billion US dollars, up 11.6% year-on-year; the export weight was 81.70 million tons, up 7.0% year-on-year; the export price was 4.82 US dollars/kg.

 

 
 

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