Mexico to consult US over steel and aluminum tariffs
Investing.com -- Mexico is set to begin consultations with the US government over the steel and aluminum tariffs that it considers unjustified, according to the country's Economy Minister Marcelo Ebrard. The minister expressed his concerns regarding the tariffs ordered by President Donald Trump, highlighting that Mexico imports more of these metals from the US than it exports to the country.
Ebrard also noted that Mexico is the primary destination for US steel product exports, accounting for 52% of the country's global exports by the end of 2024.
The Economy Minister has plans to travel to the US for a meeting with the US Trade Representative nominee, Jamieson Greer, and the Secretary of Commerce nominee, Howard Lutnick, once they are confirmed. Ebrard expressed confidence in the upcoming discussions, stating that they would begin with all necessary elements and that he believes Mexico's arguments will resonate.
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