Trump administration’s Canada tariff policy on goods covered under USMCA to be delayed
Following today’s reversal on 25 percent tariffs levied against Mexico March 4, reports indicate the Trump administration has now delayed the implementation of 25 percent tariffs on Canada for its exported products covered under the previous USMCA agreement until April 2. On April 2, the Trump administration plans to begin in-kind reciprocal tariffs against all countries taxing the import of US goods. The rates, products and countries affected by... Read More
US tariffs on Mexico delayed
The Trump administration said it will will delay the enforcement of 25 percent tariffs on Mexico for four weeks, the US leader said March 6 on his Truth Social platform. President Trump implied in his social media post that the reason for the policy shift was rooted more on actions Mexico has recently taken to enforce better border security. After speaking with Claudia Sheinbaum of Mexico, I have agreed that Mexico will not have to pay tariffs on... Read More
US officially slaps tariffs on Canada and Mexico, doubles tariffs on China
The US government has officially implemented 25 percent tariffs on all imports from its two leading trading partners Canada and Mexico as of today, March 4, according to a statement made by the White House. Also, energy imports from Canada will be subject to 10 percent tariffs. In early February this year, while postponing the tariffs in question, US President Donald Trump gave the Canadian and Mexican administrations 30 days to curb what he described... Read More
Trump announces 25% tariff on steel and aluminum imports
US President Donald Trump has announced 25 percent tariffs on foreign steel and aluminum imports on Monday, February 10. Trump stated that the tariffs, which will apply to the products from trading partners with duty-free exemptions or tariff-rate quota deals, including Canada, Mexico, Australia, Argentina, Brazil, South Korea, the EU, Japan and the UK, will be effective as of March 12, 2025. However, a White House official subsequently stated that... Read More
Trump postpones tariffs on Canada and Mexico for 30 days
US President Donald Trump has stated via social media that he has decided to postpone the recently announced additional 25 percent tariffs on imports from Canada and Mexico. Following the tariff announcements, Trump held conversations with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum, in which he expressed his concerns regarding border security. The Canadian and Mexican administrations made various commitments to... Read More
US officially imposes tariffs on Canada, Mexico and China
US President Donald Trump has imposed 25 percent additional tariffs on imports from Canada and Mexico and a 10 percent additional tariff on imports from China with the aim of ensuring national security and protecting the interests of Americans, according to a statement released by the White House. The tariffs in question will remain in force until the subject countries meet President Trump’s requirements. In the meantime should these countries... Read More
Short Range Outlook : January 2025
Pressure still rising in global longs market, some answers expected after January 20 The pressure in the global long steel products market is increasing as there is no positive news from China yet, while everywhere there is weak demand, market protection and excess capacity. Some questions about the future are expected to receive answers after Trump’s inauguration on January 20 Still no positive news heard from China Chinese export data for November... Read More
US orders preliminary antidumping duty on imported rebar from two Mexican companies
The United States Department of Commerce published the preliminary results of its administrative review of the antidumping duty (AD) order on reinforcing bar exports from Mexico. For Tyasa or TA 2000 the antidumping duty was 22.27 percent and for some companies of Grupo DeAcero it was 8.88 percent. “The US Department of Commerce preliminarily finds that DeAcero and Ingeteknos Estructurales (Ingetek) (collectively, Deacero Group); and TA 2000 (or... Read More
US issues preliminary antidumping review results on wire rod imports from Mexico
The US DOC has announced the preliminary results of its administrative review of the antidumping duty order on carbon and certain alloy steel wire rod imports from Mexico. During the review period from October 1, 2022, to September 30, 2023, some Mexican producers were found to have made sales of the subject products at less than normal value. The DOC has determined weighted average dumping margins of 18.09 percent for TA 2000 S.A. de C.V. and 13.46... Read More
US issues final antidumping margins for rebar imports from Mexico
The US Department of Commerce (DOC) has announced the final results of its administrative review of the antidumping (AD) duty order on reinforcing bar imports from Mexico for the period between November 1, 2021, and October 31, 2022. Accordingly, the US DOC has determined that Mexican producers’ sales of the subject goods to the US were made below normal value during the period of review. The DOC has determined the following weighted-average dumping... Read More