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Mexico calls USA investigation its steel 'normal'

Mexico calls USA investigation its steel 'normal'”

The U.S. Department of Commerce announced Monday that it will impose anti-subsidy duties on structural steel products from Mexico, as a result of an investigation initiated on Jan 4.

Steel pipes to be exported are seen at a port in Lianyungang, Jiangsu province, China May 31, 2018.

"Commerce will instruct US Customs and Border Protection to collect cash deposits from importers of FSS from China and Mexico", the Department of Commerce said in a statement.

The Commerce Department said the determination is preliminary, but the tariff goes into effect immediately. Mexico would continue to "participate actively" in anti-dumping procedures, the ministry said.

More news: Michelle Carter Appeals Supreme Court for Constitutional Violations

The United States lifted tariffs on steel and aluminum imports from Canada and Mexico in May imposed a year earlier in a national security investigation, in a deal hailed as removing a major obstacle to legislative approval for the United States-Mexico-Canada trade deal.

North America's Deputy Minister of Foreign Affairs commented on this move by saying he would not call into question the ratification of the USMCA tripartite trade agreement and that the measures are targeting a number of private companies, and not to the steel industry on its side as a whole. In the China and Mexico investigations, Commerce made affirmative determinations, finding that exporters received countervailable subsidies at rates ranging from 30.30 to 177.43 percent, and 0.01 (de minimis) to 74.01 percent, respectively.

It was further mentioned in the news report that the Department is expected to make its final ruling on the imports around November 19, 2019.



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