A month after sparking trade war fears by threatening tariffs on all Mexican exports, the US on Monday night fuelled tensions with its trade partners by announcing preliminary duties on imports of fabricated structural steel from Mexico and China it regards as unfairly subsidised.
“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. It said a similar investigation into imports from Canada did not find FSS exports were unfairly subsidised to an extent that warrants new duties.
It was not immediately clear what impact the measures would have and the Mexican Steel Chamber could not be reached for comment.
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