Mexico plans to request removal from the U.S. list of countries facing a 50% steel import tariff, with Economy Minister Marcelo Ebrard set to meet American officials in Washington on June 6.
00:00Welcome back. Mexico plans to ask the U.S. to remove it from the list of countries facing a 50% tariff on steel imports.
00:09Its economy minister, Marcello Ebrard, says he will travel to Washington on June 6 for meetings with his American counterparts.
00:18Ebrard called the tariffs unfair, arguing that the U.S. has a trade surplus with Mexico in steel.
00:24He also expressed hope that, as with previous tariffs, the U.S. would eventually have to adjust its stance due to the high economic consequences.
00:34U.S. President Donald Trump announced the increase in tariffs on steel and aluminium from 25% to 50% effective today.
00:42The White House says the move aims to counter foreign countries that offload low-priced excess steel and aluminium in the U.S., undercutting domestic industries.
00:51The move fueled tensions with key U.S. trading partners, with the European Union warning over the weekend that it was prepared to retaliate against levies.
Be the first to comment