What happened the last time Trump imposed tariffs on steel and aluminum
By mid-2019, the tariffs were lifted for Canadian and Mexican imports, which accounted for 27% of the U.S.’s steel imports and 43% of its aluminum imports. The Biden administration later ended tariffs on European Union metals in 2021, amid record-high steel prices fueled by COVID-19 supply chain disruptions.
Mexico has options beyond retaliatory tariffs in response to U.S. import duties, Economy Minister Marcelo Ebrard said Thursday.
President Trump has upended global markets by imposing tariffs on imports from several of America's top trading partners.
Auto group: "Revoking the exemption for Canada and Mexico and extending tariffs to auto parts with steel and aluminum will ...
Beyond hurting Mexico's metals sector, the 25% tariffs also will hit manufacturers in Mexico making products containing non-U.S. steel.
The Trump administration insists there will be no exemptions or exceptions. That hasn’t stopped some from seeking carve-outs.
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