U.S., Mexico close to steel tariff deal

Planet Daily News: According to informed sources, the United States and Mexico are about to reach an agreement to cancel the 50% tariff imposed by Trump on steel imports below a certain quantity. Trump was not directly involved in the negotiations, which were led by U.S. Secretary of Commerce Lutnick. These sources stated that under the current terms, steel from Mexico can be imported duty-free as long as American buyers keep total shipments below levels based on historical trade volumes. The new ceiling will be higher than the limit allowed by a similar agreement during Trump's first term. U.S. Department of Commerce data shows that last year, the United States imported approximately 3.2 million tons of steel from Mexico, accounting for 12% of total steel imports. During Trump's first term, the United States and Mexico reached an agreement in 2019 to prevent import volumes from exceeding the average level of 2015-2017.