Mexico to Soon Increase Tariffs on Steel, Textiles and Apparel Sectors, Report Says
Mexico’s secretary of economy hopes to publish a decree later this week that will increase duties to 15 percent on 186 tariff lines, according to a report in El Universal. The tariff increase will apply to the steel, textile and…
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apparel and footwear sectors, the report said. The steel tariff is being imposed to “avoid injury to domestic industry by worldwide steel overproduction" and the illicit means by which metals are imported into Mexico, it said.