11
Mar
According to U.S. trade data, from 1998-2020 imports of iron and steel (HTS Chapter 72) into the U.S. from Mexico averaged around $2 billion. Then the value of imports started to change:
2020: $1.8 billion
2021: $4.5 billion
2022: $5.4 billion
2023: $3.6 billion
U.S. and Mexico Steel Talks Heating Up
When the U.S. and Mexico in 2019 negotiated a settlement of the Section 232 tariffs on imported steel and aluminum, the two sides agreed to a monitoring mechanism as needed to identify a sudden...