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November 6, when holding the US Intermediate Elections, will be a key date for Donald Trump in determining the elimination of Mexican steel tariffs, Larry said. Rubin, representative of the Republican Party in Mexico.
Prior to industrial steel, the politician said the Mexico, United States, Canada (T-MEC) treaty represents an unparalleled opportunity, as Mexico could become the second largest exporter of steel products in the US market. United and replace Brazil, which has an 18% share in imports.
Interviewed at the Sixth Congress of the National Chamber of the Iron and Steel Industry (Canacero), Larry Rubin asserted that "thanks to the T-MEC (once entered into force), the Mexico could of course, if the demand is there !, it could become not the fourth but the second largest supplier of steel in the EU ".
Brazil is the second largest exporter for the United States with 4,665,427 tonnes of steel; while Mexico ranks fourth with 3 million 155,117 tons. "Brazil certainly holds 18% of the total market and that's where Mexico can go.
The Republican said the relationship between Mexico and the United States is of utmost importance. That 's why "Trump said that he would consider, after the elections, to eliminate it (from the tariff on steel and aluminum)". He added that, although work is underway to eliminate them, it has not yet been determined whether there will be export quotas or whether the country's steel requirements will be met. 39 North America will be affected.
What is a fact, he said, is that as of 2019, there will be no more tariffs on steel and steel. aluminum because the possibilities of eliminating them "are 85%". "The 232 is an important element for Pennsylvania which is a heavily steel-producing state and the measures taken by Trump have strengthened the Republican Party in that state," said the Republican Party representative in Mexico.
Rubin bets that an agreement will be reached when Mexican steel exceeds the figure sold by Brazil to the United States. The new relationship involves not only eliminating customs duties stemming from the investigation conducted under section 232 of the 1962 Trade Expansion Act – which allows for the elimination of the duties resulting from the investigation under section 232 of the Trade Expansion Act 1962 – to impose tariffs in the context of safeguarding national security – but also to conquer markets where Mexico was late.
For his part, Jesus Seade, head of the transition team's negotiations, agreed that once the US elections were unblocked, the elimination of tariffs on steel could occur, so that the commercial relationship will prosper "in all tranquility".
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