Mexico

Alfa To Sell Off Aluminium Automotive Parts Maker Nemak

Alfa To Sell Off Aluminium Automotive Parts Maker Nemak

Mexican conglomerate Alfa said late last week it is planning to spin off its 75-percent stake in Nemak, a local producer of automotive parts. Alfa is expected to announce the move later this month, which would leave the struggling unit on its...

Events

Quotas On Aluminium And Steel Imports Not A Suitable Replacement For Section 232 Tariffs: Mexico’s Economy Minister

Continuing to argue that tariffs on imports of its country’s aluminium and steel are unjustified, Mexico’s government said yesterday that replacing those tariffs with quotas was not an acceptable substitute for total elimination of the impediment on trade. “The Mexican government’s position is that the application of the 232 on steel and aluminum is not […]

Mexico’s Government Says Ratification Of USMCA Contingent Upon End To Section 232 Aluminium And Steel Tariffs

Echoing the United States’ northern neighbors, officials from the Mexican government confirmed over the weekend the position that ratification of NAFTA’s successor hinges in large part upon the Trump Administration lifting the Section 232 tariffs on imported steel and aluminium. While renegotiating the trade deals in which the United States government is a party was […]

Incoming Mexican President Obrador To Impose Mirrored Tariffs On Aluminium And Steel Should Section 232 Tariffs Persist

Per a senior official with the Mexican steel trade group Canacero, the incoming Mexican government will not hesitate to impose retaliatory tariffs on imported United States aluminium and steel should a suitable compromise not be reached in the near future. In comments made at the sidelines of the Institute for Industrial Development and Economic Growth […]

While Defending Trump Aluminium Tariffs, Washington Initiates Quintet Of Complaints To Retaliatory Tariffs At WTO

The fallout from the Trump administration’s blanket tariffs on steel and aluminium continued on Monday with the United States government’s filing of a slew of World Trade Organization dispute actions against governments who have levied retaliatory tariffs against American exports. United States Trade Representative Robert Lighthizer said in a statement on Monday that Washington, D.C. […]