AMU
July 12, 2024
CRU aluminum news roundup
Written by Marziyeh Horeh
Biden toughens measures against Chinese metal imports
President Joe Biden has announced Chinese-made steel and aluminum shipped via Mexico will immediately face import duties of 25% and 10%, respectively. This is to close a loophole in the USMCA free-trade agreement, his administration argues. Previously, steel from Mexico entered the US duty-free. Mexico said the action will complement its own recently imposed tariffs on the metals from some countries and further protect the North American market. The governments worked together to draw up the new measures, which also cover aluminum from Belarus, Iran, and Russia.
