2024-07-18 13:31:25
President Andres Manuel Lopez Obrador justified that the decision on the steel and aluminum It was given to “maintain a society with USA y Canada“And that is why Mexico accepted that the tariffs on these metals exported to the northern country be increased if they come from China.
“We care a lot about maintaining society with Canada and the United States, as established in the trade agreement; Mexico has the possibility of importing steel and other goods from USA y Canada, and we benefit from that, because plants and factories are established in our country, investment arrives, jobs are generated and from Mexico we are exporting to the United States and Canada.”
He stated that none of these countries are willing to fully open their borders, and that is why they set the terms so that they only import steel and aluminum produced in Mexico, which does not arrive from other regions, and which, once EU He made them aware of what the situation was about and conditions were also set.
“We set two conditions: one, that there was no mention of countries, that there was no dedication, no resolution, and it was accepted; and the second, that in the case of Mexico, due to a very special situationsteel, aluminum is required Brazil, and we have a very good relationship with Brazil and it was agreed that Brazil will have special treatment in the case of imports of steel from Mexico, of steel from Brazil to Mexico and of steel that may have aluminum components, that may have components originating in Brazil.”
Among the signed measures, Mexico will now have to certify that the inputs of these metals are melted from origin only in Mexico, in the US and Canada and not in China or they will have to pay a 25 percent tax.
“It will be important for Mexico to explain how it will implement this mechanism and ensure that this does not generate additional costs for Mexican steel and aluminum exporters,” he told this newspaper. Kenneth Smithformer chief negotiator of the T-MEC.
Smith, founding partner of AGON, He stressed that it will be necessary to monitor how the US implements these new restrictions, “and ensure that they do not become technical barriers to trade in products that are essential inputs for the competitiveness of the manufacturing industry of North America”.
Meanwhile, Eduardo Pérez Motta, former president of the Federal Competition Commission (CFC), explained that the measure seeks to eliminate a triangulation from China and that the relationship with EU is decreasing.
“This should be of growing concern and great care on the part of the Mexican government because the neighboring country is in an electoral process in which decisions can be made that affect the Mexican industry and we must also be attentive to whether they are decisions that violate the T-MEC”.
The decision signed by Biden, It states that imports containing primary aluminum cast or molded in China, Belarus, Iran o Russia They will also face a 10 percent tariff.
An analysis of Base Bank recorded that so far 2024, Steel prices show a contraction of 41.32% Regarding the closing of the 2023.
He explained that steel is trading at around $666 per metric ton, reaching a maximum of 1,135 dollars on January 2 and a low of $663 per metric ton on July 8.
“Unlike other metals, whose prices have risen in anticipation of increased demand due to the green industrial revolution and problems surrounding its production, the price of steel has fallen,” he said. Gabriela Siller, Director of Analysis Base Bank.
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2024-07-18 13:31:25